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Comment for Proposed Rule 75 FR 3281

  • From: A Santos
    Organization(s):

    Comment No: 3438
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03438
    From:
    Sent:
    To:
    Subject:
    amaral
    Sunday, January 24, 2010 12:33 AM
    secretary
    RIN 3038- AC61
    ~ There has to be another way to penalize the big institutions that created this mess, not the small
    trader that can lose it all in one bad trade.
    10-1 leverage is not the way to cure the cold.
    I work a regular job and trade Forex and lowering permitted leverage has an unbalanced effect against
    traders like me and favors large institutions that created this mess in the first place. The excessive
    currency movements are not created by the small traders but by the big institutions.
    I respectfully ask that this proposal be reconsidered.
    A. Santos