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Comment for Proposed Rule 75 FR 3281

  • From: Fadi Kassem
    Organization(s):

    Comment No: 2341
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02341
    From:
    Sent:
    To:
    Subject:
    fadi kassem
    Thursday, January 21, 2010 10:54 PM
    secretary
    Leverage Proposal
    Dear Secretary,
    Please, proceed with the changes to limit leverage in such accounts such as Forex and others. I have been devastated
    financially when I started trading on Forex with 100:1 Leverage. Upon request, they increased to 200:1 leverage. I was not
    aware of my personal weaknesses and traded for well over a 1 year. I lost over $100K. I strongly support limiting leverage
    to insure no one like has to go through the pain and sufferings that I went through.