Comment Text:
i0-001
COMMENT
CL-02396
From:
Sent:
To:
Subject:
Shawn Buel
Friday, January 22, 2010 12:43 AM
secretary
RIN 3038-AC61
To CFTC,
Please do not further enforce a lower leverage. I have already been highly affected by your last change
requiring US accounts to be limited to 100:1. The last change contrary to your belief cause each of my
trades to be closer to margin call to trade the same amount of lots per my system that has been working
for me for the last 2 years. In addition, for me to trade my funds I need to make a higher initial deposit.
Many new traders whom lose their money in the first year don't have high amounts of capital to trade
effectivly in a conservative system with a leverage of 10:1. Which in my opinion your encouraging new
trader to be more likly to lose what they can not afford to lose which would be even more dramitizing to
the current U. S economy. I don't know your point in making this change without at the very least seeing
minimum of 2 years of analytical data on current account perfomance. Instead of forcing people to be
conservative your forcing them to be controlled and lose more money if they are new traders. You
should worry my about scammers and ensuring all broker houses follow proper eticate. My opinion i'm
good with trying to find ways to weed out scammers and brokers that have unethical practices but don't
limit the traders whom have working systems. At this time your pushing me to take my trading offshore
if you further limit my leverage.
Thank you
Trader Tec
