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Comment for Proposed Rule 75 FR 3281

  • From: Ishwar Uttamchandani
    Organization(s):

    Comment No: 3749
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03749
    From:
    Sent:
    To:
    Cc:
    Subject:
    Ishwar
    Monday, January 25, 2010 10:23 AM
    secretary
    ishwar@missinglinksystem, com
    Regulation of Retail Forex RIN 3038-AC61
    David Stawick, Secretary
    Commodity Futures Trading Commission
    1155 21st Street, N.W.,
    Washington, DC 20581
    Ref: RIN 3038-AC61
    Dear Mr Stawick
    I am writing this letter to express my disagreement with CFTC's proposed changes to retail account's
    leverage requirements. I am a new trader, and I have traded stocks, options and futures, since I was 16. I
    have seen three market crashes and lost money in these crashes. I consider investing in any venture risk
    and reward. I should be allowed to risk my capital as much as the Wall Street boys who received
    handout from the government during trouble times. I for one is not going to ask or look for a handout if I
    loss my capital investing in Forex. I am requesting you NOT to make any changes to leverage
    requirements. If you do it will encourage me and others to take my business elsewhere i.e. move
    accounts to a country where they have better leverage and an equal playing field for all boys and girls.
    Ishwar Uttamchandani, B.Sc. M.Sc.
    15685 SW 116 Ave Suite 130, Portland OR 97224
    CL: 503-320-3213
    www.MissingLinkSystem.com