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Thread: House Lawmakers Concerned On CFTC Retail Forex Leverage Proposal

      
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    Administrator Mike's Avatar
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    Fyi House Lawmakers Concerned On CFTC Retail Forex Leverage Proposal

    I found this article to be excellent, it really does shed some light on what our legislature is thinking about the proposed 10:1 leverage limitation. It appears everyone is against this and the move doesn't exactly "protect" us as much as they want us to believe it might. Here's the article:

    "If our leverage rules are 10-to-1 and leverage rules elsewhere are 100-to-1, the business is going to move elsewhere," Marshall said, adding that investors could be even less protected if business moves to a country with lax regulations.
    more...

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    Administrator BigE's Avatar
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    I am totally against this BS, what a disaster this is going to be.
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    I Breathe Pips Jones's Avatar
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    Seriously, more of a mess that doesn't get to the front page of any paper or even a mention on the tele.

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    Administrator Mike's Avatar
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    Bump This, sad to see no one else care.

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    Pippier Than Thou! TopTrader's Avatar
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    I sure as hell care, they are ruining this country one law at a time, BOO!!!

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    My Pip Hand Is Weak
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    They are ruining this Forex Nation!

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    Administrator Mike's Avatar
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    It's still not too late to submit your comments to the CFTC website.

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    I am Part Pips tab's Avatar
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    Yea, this is going to be a nightmare when it comes to pass, which it will, Obama gets it all passed man...

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    Hindsight Hero! DickP's Avatar
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    Does anyone know how this turned out in the end?



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