Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Eric Eklof
    Organization(s):

    Comment No: 3923
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03923
    From:
    Sent:
    To:
    Subject:
    Eric Eklof GMAIL
    Monday, January 25, 2010 9:30 PM
    secretary
    Regulation of Retail Forex
    Hello "Commodity Futures Trading Commision" (CFTC)...
    I am a 61 yr old US citizen with a family who trades Forex for a living & for life! I also Coach & Mentor over
    200 Forex Traders in the greater Boston MA area and I speak for them also.
    Your proposal to soon change Margin from 100:1 to 10:1 would require all of us to have 10 TIMES as
    much money in our accts to make the same money we are making now! This would cause an extreme
    HARDSHIP on all of us and is NOT necessary in any way. You will be receiving many many more emails on this
    from all of us and others.
    Please DO NOT pass or enact this change, email confirm that you rec'd this & put me on your emailing list.
    Thank you .... Eric Eklof
    [email protected]
    603-381-9695cell
    PS...we have FX mtgs every Thurs night at MIT in Boston so please come to hear our feelings on this
    BEFORE your 60 day deadline and BEFORE you act on this matter that is so important to all of us earning a
    living trading FX, which I don't believe any of you do?