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Comment for Proposed Rule 75 FR 3281

  • From: John Maffeo
    Organization(s):

    Comment No: 3221
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03221
    FFOlll:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Saturday, January 23, 2010 10:59 AM
    secretary
    Public Submission for 2010-00456
    Public Submission for 2010-00456.zip
    Please refer to the attached file.Please Do Not Reply This Email.
    Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
    Intermediaries:
    Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
    FR Document Number: 2010-00456
    Legacy Document ID:
    RIN: null
    Publish Date: Wed Jan 20 00:00:00 EST 2010
    Submitter Info:
    first name John
    last name Maffeo
    address1 2741 Douglas St.
    city Joliet
    country United States
    us state IL
    zip 60435
    company
    Hi,
    A downward change in the leverage rule will damage or destroy my ability to trade Forex.
    Since I use the forex markets as a major source of income during these difficult economic
    times, the effect would also have a tremendous effect on my family.
    I appeal to you to leave the leverage as it stands and not reduce it to the proposed 10:1.
    Thank you for your time in consideration of this appeal.
    John Maffeo