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Comment for Proposed Rule 75 FR 3281

  • From: Michael Koegel
    Organization(s):

    Comment No: 3489
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03489
    From:
    Sent:
    To:
    Subject:
    flood 1 @netzero. net <"fl ood 1 @netzero. net">
    Sunday, January 24, 2010 10:01 AM
    secretary

    Margin requirments
    Dear sir,
    I realize that you are trying to protect my interests by raising the margin requirements for trading in the forex
    market,but,this move could force me to stop trading all together. My trading accounts are very small and I have been trying to
    trade successfully for about two years. I've invested money in trading indicators and software such as "auto trading". If I can
    not afford to trade anymore I will lose all of the money and time that I have invested.
    Please don't force me out of trading. Trading is one of the only things I have left to provide a little hope for securing
    my financial future. Working 40 hours at a company without a union or a retirement plan paints a grimm picture of the future.
    I am 57 years old and I really do not have anything to look forward to in the future,social security will not cover my
    expenses.
    When you make your decision,please consider what it will do to the little guy who's just trying to pay his bills and his
    taxes.
    Thank you,Michael Koegel
    e-mail; floodl @netzero.com