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Comment for Proposed Rule 75 FR 3281

  • From: Will Phillips
    Organization(s):

    Comment No: 3440
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03440
    From:
    Sent:
    To:
    Subject:
    will phillips
    Sunday, January 24, 2010 12"58 AM
    secretary < secretary@ C FTC. g ov >
    100:1 10:1
    I am a Forex trader and do not like the proposal of a 10:1 leverage to be required for all retail
    Forextrading. Idoquite well at 100:1 as it does not require so much of my working capital as the
    10:1 ratio would be. Don't mess with a good thing, 10:1 leverage would force at least half of the
    retail traders out. What is government trying to screw up now? Just leave it alone ............
    Will
    Phillips
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