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Comment for Proposed Rule 75 FR 3281

  • From: Elsa Powel
    Organization(s):

    Comment No: 3934
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03934
    From:
    Sent:
    To:
    Subject:
    elsa powel
    Monday, January 25, 2010 10:20 PM
    secretary
    Re: [BostonTOS-UsersGrp] Regulation of Retail Forex
    Dear Secretary,
    I am a Boston Forex trader and 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.
    Thank you .... Elsa Powel 617 953 6053,
    [email protected]
    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?
    Sincerely,
    Elsa Powel