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Comment for Proposed Rule 75 FR 3281

  • From: Edward K Baylor
    Organization(s):

    Comment No: 3764
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03764
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Monday, January 25, 2010 11:29 AM
    secretary
    "Regulation of Retail Forex"
    Honorable Secretary,
    I am writing to voice my concern and opposition to the changes in the "proposed leverage requirements" for small
    FOREX Traders such as myself. I am a retired veteran living on a fixed income and without the capital reserves to
    be able to participate in the FOREX market with the leverage proposals you are contemplating. I think it is
    absolutely unconscionable for you to freeze out the small trader. Please reconsider the impact of the changes on
    small traders such as myself. I have been an active FOREX trades since 2006 and I rely upon the small profits I
    make to supplement my fixed retirement income.
    Sincerely,
    Edward K Baylor, Sr