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Comment for Proposed Rule 75 FR 3281

  • From: Thomas Zimmerman
    Organization(s):

    Comment No: 2737
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02737
    From:
    Sent:
    To:
    Subject:
    Tom Mann
    Friday, January 22, 2010 2:10 PM
    secretary
    Proposed Regulation
    Dear Sir/Madam
    Re:
    January 13, 2010 that it is seeking pubfic comment on
    proposed regulations concerning retail Forex trading.
    As part of the proposed regulations, it is stated." "leverage in retail forex
    customer accounts wouM be subject to a l O-to-1 fimitation, "which means 10:1
    This will mean that to trade a single standard lot of $100,000 you will need $10,000 in your
    account. Currently it can be as little as $200! How
    does this "help" us retail traders??
    You are supposed to be there to provide a safe environment to trade in
    not kick us out of the game!! Help us, do not hinder us!
    Those are my sincere emphatic comments.
    Thanks,
    Thomas Zimmerman