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Comment for Proposed Rule 75 FR 3281

  • From: Timothy Carroll
    Organization(s):

    Comment No: 1242
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01242
    From:
    Sent:
    To:
    Subject:
    Timothy Carroll
    Wednesday, January 20, 2010 9:57 PM
    secretary < secretary@ C FTC. g ov >
    10:1 leverage in forex trading
    Who are you trying to protect? Your rich friends on Wall street? I have hopes of trading as a part time business
    to try and make a few bucks. 10:1 is way too restrictive and would force every small trader out there with a
    $1000.00 account to have to borrow another $9000.00 just to continue to be able to trade safely without fear of
    being stopped out by their broker. Why don't you spend your time more productively figuring out how you will
    regulate the big banks instead of finding more ways to screw the common working man.
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