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Comment for Proposed Rule 75 FR 3281

  • From: Miguel Toimil
    Organization(s):

    Comment No: 1758
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01758
    From:
    Sent:
    To:
    Subject:
    Miguel Toimil
    Thursday, January 21, 2010 11:32 AM
    secretary
    Proposed Leverage Changes
    Dear Sir / Madam:
    Currency trading provides the average person with not much money and a lot
    of time an opportunity to at least make a serious attempt at positively
    changing their situation.
    By decreasing allowed leverage limits, your office is effectively taking
    what may just be the last opportunity viably available for the average
    person. I for one do not welcome the idea of someone else deciding what my
    risk level should be when investing or trading. That is a decision that
    must be made on an individual basis.
    On the same note, if what your office is aiming to do is to eliminate the
    "little guy" from the trading scene, then nothing has changed since the
    beginning of time when wealth and education were reserved only for certain
    elites.
    Thank you for your time.
    Miguel Toimil