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Comment for Proposed Rule 75 FR 3281

  • From: James H Waterman
    Organization(s):

    Comment No: 8685
    Date: 3/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08685
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Saturday, March 20, 2010 11:05 AM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Saturday, March 20, 2010 at 11:04:59
    commenter_subject: Regulation of Retail Forex
    commenter_comments:
    Vote NO
    to any change in retail forex margin requirements.
    I believe that this proposal discourages beginners
    from developing and strengthening their trading
    style. It effectively prevents investors from
    evaluating their own appetite for risk and making
    personal investing decisions.
    Only recently have the doors opened for retail
    investors to trade in this market; these doors are
    effectively closed through the proposed rules, once
    again making the FX market accessible only to
    financial institutions.
    commenter_name: James H. Waterman
    commenter_withhold_address_on: ON
    commenter_addressl: 1627 18th Avenue N.
    commenter_address2: Apt. B
    commenter_city: Saint Petersburg
    commenter_state: Florida
    commenter_zip: 33713
    commenter_phone: 727-825-0129