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Comment for Proposed Rule 75 FR 3281

  • From: Dennis K Weldy
    Organization(s):

    Comment No: 8759
    Date: 3/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08759
    From:
    Sent:
    To:
    Subject:
    Dennis Weldy
    Sunday, March 21, 2010 1:40 PM
    secretary
    Regulation of Retail Forex
    Dear Mr. Secretary,
    Please keep the Maximum Leverage under the current regulations for retail forex customers at 100:1. Do not change it to
    the proposed ratio of 10:1 (R1N 3038-AC61) which would make the U.S. retail forex market highly uncompetitive with
    that of the Canadian and United Kingdom retail forex markets. Why would your office want to do that to the U. S. retail
    forex market (customers)? Again, Please DO NOT change the current margin requirements. Thank you.
    Sincerely
    Dennis K. Weldy
    19557 Lacey Lane East
    Bristol, IN 46507
    Mrdkwelldy48@yahoo. com