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Comment for Proposed Rule 75 FR 3281

  • From: Anthony Kaspar
    Organization(s):

    Comment No: 4386
    Date: 1/28/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04386
    From:
    Sent:
    To:
    Subject:
    anthonykaspar@mail, com
    Thursday, January 28, 2010 4:58 PM
    secretary
    Forex limitations
    Hello, Anthony Kaspar,
    I am writing to you to express my disdain in the consideration of limiting trades to 10:1. I am
    not currently trading however, I do intend to activate a trading account in the near future.
    I rarely have extra money to spend even on the basics that are needed to sustain my living
    conditions. I am disabled and receive only $733 per month from Social Security and as anyone
    whom pays bills and raises children knows this is no where enough to maintain a household. I
    may find an opportunity to acquire enough cash to open an account to trade with. Money is
    scarce for my family and I would not choose to invest in Forex if I didn't have a belief in
    creating an income from trading. Lord knows I sure could put $5K to $10K to use for my debts
    and bills however if I know that I can increase my income through investing I would do so. Your
    proposal of limiting the leverage amount would deal a severe blow to my capacity to earn a
    living with only $5K to start out with. Also it is up to the company to consider there risk in
    assisting there clients with investing. They should have the right to choose where they are
    comfortable in leveraging investments. There a a lot of individuals whom utilize Forex for
    investing to gain an income. Please do not choose to limit the leveraging on Forex trading you
    will only depress our already ailing economy!
    Thank you for reading this e-mail,
    Anthony Kaspar
    Cedarburg, WI
    262-685-8256