Comment Text:
i0-001
COMMENT
CL-02172
From:
Sent:
To:
Subject:
Greg Davis
Thursday, January 21, 2010 7:43 PM
secretary
Regarding R1N 3038-AC61
To whom it may concern,
I understand there is some consideration being given to decreasing the amount of leverage individual
accounts can use in trading currency on the spot market. I personally would like to voice my concern
over this. Far too many investments have a high barrier to entery and make it difficult for the middle
class man to participate. Raising it from 1000:1 to 10:1 would raise the margin requirement from 1,000
to $10,000 for a $100,000 lot. At a time when cash is already difficult to come by, this 10 fold increase
will make it difficult for me an others to try and participate in market movements.
Though I'm not fully aware of the ways in which small accounts move the markets, I'd be surprise if the
middle class investor was driving the market. Institutions and governments likely are doing that and we
would simply like to participate.
thanks for your consideration
Greg Davis
