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Comment for Proposed Rule 75 FR 3281

  • From: George Galske
    Organization(s):
    Member Capital Trading LLC

    Comment No: 3808
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03808
    From:
    Sent:
    To:
    Subject:
    George Galske
    Monday, January 25, 2010 3:40 PM
    secretary
    New Regulations
    Are you trying to limit money creation to only the select few that can afford the game?
    The new rules FIFO and the reduction in leverage 400 to 1 to 100 to 1 and nect 10 to 1 will limit my
    abilitity to particapate.
    I have lost a great deal of money by forgetting to remove my stop. Before your FIFO rules my stops
    were tied to the trade and not just another seperate order. Now you come in and change the rules and
    stops are just another order and if you forget your toast. If you want to protect or provide a safety net let
    traders tie stops to orders like before.
    Leave the industry alone. The more you govern the more people will transfer there funds overseas. This
    will leave the US compnaies to lay of people and close.
    George Galske
    Member Capital Trading LLC