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Comment for Proposed Rule 75 FR 3281

  • From: Graham Winegarten
    Organization(s):

    Comment No: 2004
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02004
    From:
    Sent:
    To:
    Subject:
    gershon winegarten
    Thursday, January 21, 2010 5:13 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    dear sir/madam,
    i write with regard to the proposal to limit leverage to 10:1. i wish to advise you of the hardship that this
    will cause, there are traders like myself who do not have the large sums of money it would take to earn a
    living with a leverage of just 10:1, presently with an account of just $10,000 i and people like myself are
    able to earn an honest and decent livelehood with forex, i urge you to consider the difficulty this would
    impose on people, and particulary at a time when unemployment is a serious issue it is doubly important
    not to hamper genuine efforts at earning a livelehood.
    yours
    graham winegarten