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Comment for Proposed Rule 75 FR 3281

  • From: Daniel Brown
    Organization(s):

    Comment No: 2023
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02023
    From:
    Sent:
    To:
    Subject:
    Daniel Brown
    Thursday, January 21, 2010 5:30 PM
    secretary
    Proposed CFTC Changes
    I understand that CFTC has proposed changing the margin requirements for the Foreign currency transactions. I
    am a small trader who supplements his income with trading currencies. The margin change of 100:1 to 10:1
    would effectively reduce my additional income to a tenth of what it is now. Please protect small traders from
    the implementation of this unnecessary rule. Implementation of it would force me to take my money out of US
    institutions and trade with foreign institutions which do not follow these rules.
    Daniel Brown