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Comment for Proposed Rule 75 FR 3281

  • From: Nilesh Gite
    Organization(s):

    Comment No: 112
    Date: 1/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00112
    From:
    Sent:
    To:
    Subject:
    Nilesh Gite
    Friday, January 15, 2010 7:02 PM
    secretary
    "Regulation of Retail Forex"
    Identification Number RIN 3038-AC61
    Dear Sir,
    Good Afternoon.
    I strongly disagree with the CFTC proposal to restrict leverage across the board to 10 to 1 leverage. I am
    a retail trader and we are
    already suffering from previous leverage down, margin up and position clearing as FIFO.
    So I would very kindly like to request you not to take such an action which will eliminate players like us
    from market.
    Yours truly,
    Nilesh Gite