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Comment for Proposed Rule 75 FR 3281

  • From: Sunil Sood
    Organization(s):
    FXCM

    Comment No: 3235
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03235
    From:
    Sent:
    To:
    Subject:
    Sunil Sood
    Saturday, January 23, 2010 11:49 AM
    secretary
    Regulation of Retail Forex
    Dear Sir,
    I've learnt that cftc intends to decrease the leverage allowance for retail traders like me.. Sir this way
    you'll only hurt our interests as we'll not be able to make up for earlier losses with decreased leverages..
    which we are able to recoup now..
    Pls do not decrease the leverage., rather make provisions for brokeres to arrange to increase it.. Pls dont
    hurt small traders like us by these arbitrary terms..
    Thanks & regards
    SUNIL SOOD
    Retail Trader with FXCM