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Comment for Proposed Rule 75 FR 3281

  • From: Toby Hughes
    Organization(s):

    Comment No: 1971
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01971
    From:
    Sent:
    To:
    Subject:
    toby hughes
    Thursday, January 21, 2010 4:17 PM
    secretary
    Leverage Regulation
    Hi,
    My name is Toby. I received a letter from my broker. I was informed about a new regulation that
    would affect my leverage in the forex market. Right now I receive 100-1 buying power. The leverage is
    significant to me. I would prefer to keep our buying power the same. I know regulations are necessary,
    however a lower leverage would knock me out of my business. I would be in favor of a 1,000-1
    leverage but not lower than 100-1.
    Thank you,
    Toby Hughes