Comment Text:
i0-001
COMMENT
CL-00413
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 9:51 AM
secretary
Forex Leverage
Dear Sirs,
I am a retail Forex trader and make my living from the markets. Please do not change the leverage from 100/1.
To reduce the ratio would effectively put all small traders out of business.
I was laid off from my employment in April 2009. I am a former broker/trader from both the buy and sell sides.
This is my current livelihood and depend on trading to produce the necessary income to live and pay my bills.
If you feel compelled to "protect" people, then get after those who produce the real problems in America today.
The large banks with prop desks, which are unaccountable for their failures, and rely upon citizens to eat their
losses should be broken up. If you can help with that, and their Congressional/Administration facilitators, you
would do the citizenry a service...if you really want to be "helpful". (Unless your true intent is to remove the
small retail trader from the business...)
We retail traders don't need "saving". Please find someone else to "help".
Most sincerely,
Steven Bruce
407 Ramble Lane
Austin TX 78745
