Comment Text:
i0-001
COMMENT
CL-04024
From:
Sent:
To:
Subject:
Thomas Feindel
Tuesday,
January 26, 2010 9:47 AM
secretary
New CFTC Proposed Rule
Hello "Commodity Futures Trading Commission" (CFTC)
I am a retired US citizen with a family who trades Forex for a living and
for life as my only income is my social security check!
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 accounts 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. IF I WAS A CAR DEALER WITH
100
CARS ON MY LOT TO SELL
AND YOU PASSED A RULE THAT I COULD ONLY HAVE 10 CARS, I WOULD GO OUT OF
BUSINESS. You will be receiving many more emails on this from all of us who
are trading for a living.
Please DO NOT pass or enact this change, email confirm that you rec'd this &
put me on your emailing list.
Thank you.... Thomas Feindel [email protected] 508-877-5198
PS...I attend FX meetings every Thursday night at MIT in Boston. If you like
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, please contact me for the location and time.
