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Comment for Proposed Rule 75 FR 3281

  • From: Abidur Rahman
    Organization(s):

    Comment No: 8702
    Date: 3/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08702
    From:
    Sent:
    To:
    Subject:
    Abidur Rahman
    Saturday, March 20, 2010 3:38 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear Sir,
    I'm quite shocked hearing your proposed role of 10:1 leverage. It is going to kill our trading spirit. My request to you is not to
    enforce it. I don't want to trade in the UK as I feel I'll have lesser control over my money. However, if you impose 10:1
    leverage system, I'll have no other option but to move my business to the UK or somewhere else. Please think again before
    mining our business.
    PS. 100:1 leverage is already quite low compared to what brokers in other countries are offering but it is acceptable.
    Regards,
    Abidur Rahman