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Comment for Proposed Rule 75 FR 3281

  • From: Edgar Mcfarlane
    Organization(s):

    Comment No: 3433
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03433
    From:
    Sent:
    To:
    Subject:
    Edgar Mcfarlane
    Sunday, January 24, 2010 12:13 AM
    secretary
    Proposed Leverage change for FOREX
    Good Morning
    The reason I am writing this email is to inform you that the proposed leverage change for the FOREX. I
    think the 10:1 leverage proposal is totally uncalled for and ludicrous. This will halt allot of traders from
    trading and making extra money in this horrible economy. At a time when job loss are at a all time high
    and many people are struggling to make ends meet.
    This will also force allot of people to move their accounts offshore thus cutting jobs in the brokers and
    put less fuel into the economy.
    In closing I am against the proposal and also my fellow traders are as well.
    Thanks
    Edgar Mcfarlane