Comment Text:
i0-001
COMMENT
CL-01950
From:
Sent:
To:
Subject:
Richard Alford
Thursday, January 21, 2010 3:59 PM
secretary
CFTC Rule Change Proposal
I am an individual trader in the foreign currency market. 1 am 63 years old and unemployed. I am still 7years away from my
projected date of drawing maximum benefits from Social Security and trying to stretch my financial resources to reach that
date. With only about $8,000.00 in my trading account I am relying on the current leverage in this market to increase my
revenue to a sustainable level. As I understand one of the provisions of the CFTC rules is to reduce the leverage by 10%.
This would have the effect of being able to trade less in quantity and thereby decrease my level of revenue on winning
trades. With the small amount of money I am able to invest in my this lessening of trading volume would be catastrophic for
an unemployed senior citizen that is in the crack between too old for employment but too young for Social Security. |
am
adamantly opposed to this part of the proposed changes.
Respectfully submitted,
2809 Poplar Trail
Garland, Texas 75042
(972) 272 - 4177
Richard. [email protected]
