Comment for Proposed Rule 75 FR 3281
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From:
Jim Floyd
Organization(s):
Comment No:
953
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00953
From:
Sent:
To:
Subject:
Jim Floyd
Wednesday, January 20, 2010 10:51 AM
secretary
Regulating Forex
To whom this may concern,
I understand that there is currently talk of enacting regulations geared toward the retail Forex industry
here in the United States. I believe that it is necessary to have regulations in order to protect the
consumer. However, I do not see how changing the leverage limits to 10:1 is helping the consumer. If
anything, I see this as a way to keep people out of the market and eventually destroying the amount of
business for the US and giving it to other nations. If this is enacted, I will probably go ahead and move
my account overseas. It would be much better for me and the US if I kept my account here in the US so
please do not mess with the current leverages offered.
Thank you for listening.
Jim Floyd
Tigard, Oregon
