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Comment for Proposed Rule 75 FR 3281

  • From: Tywayne D Shivers
    Organization(s):
    FedEx Global Scanning Solutions

    Comment No: 2800
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02800
    From:
    Sent:
    To:
    Subject:
    Tywayne D. Shivers
    Friday, January 22, 2010 3:35 PM
    secretary
    10 TO 1 regulatory changes
    Hello,
    My name is Wayne shivers and I am a part-time trader. Currently my wife is unemployed and the Forex is my
    only means of extra money. I feel that the market is now designed for not only the rich, but the working man. By
    reducing the leverage amount, you will cut out the working man. Most of us do not have as much disposable
    income as the rich. OF course, I do not trade with money that I cannot afford to lose, but the current leverage
    system does at least allow me to trade like the big guys and make a decent profit.
    My goals at this time are meager, but with the new leverage system, I will have to have at least 10,000 in the
    account to trade. This may seem like a good system right now, but in the long run you will deter a lot of global
    potential customers entering this market. Please listen to the voice of the people. There is not much to hope in
    these days and we need to live too. It is my dream to become a millionaire via Forex. But what chance do I have
    if I have to already be rich to trade with the leverage you are proposing??
    Sincerely,
    FX Part Time Trader
    Future Full-time trader
    Sr. BusinessSystems Analyst
    FedEx Global Scanning Solutions
    Express Business Systems
    (901)434-2718