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Comment for Proposed Rule 75 FR 3281

  • From: Stephen W Schaller
    Organization(s):

    Comment No: 3032
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03032
    From:
    Sent:
    To:
    Subject:
    SWS
    Friday, January 22, 2010 9:28 PM
    secretary
    No 10:1 Margin. You will kill trading for the small investor
    I am greatly opposed to the 10:1 margin proposal.
    You will eliminate many forex traders from the market.
    I have few losses using 100:1 margin.
    With due respect, the 10:1 margin proposal is stupid. Really stupid.
    The forex market is large enough to maintain a healthy ongoing future with the 100:1 margin.
    Respectfully,
    Stephen W Schaller
    Washington State