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Comment for Proposed Rule 75 FR 3281

  • From: Duane Kemp
    Organization(s):

    Comment No: 4413
    Date: 1/28/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04413
    From:
    Sent:
    To:
    Subject:
    Duane Kemp
    Thursday, January 28, 2010 10:59 PM
    secretary
    Regulation of Retail Forex
    Dear Sirs;
    I am referencing, RIN 3038-AC61 and writing to ask you not to change
    the Forex trade ratio to a 10:1 from 100:1. My reason for this is that I am
    retired & this will effect the amount of money that I will need to trade
    Forex. I have a small account of $2037.17 & the new law you are
    proposing will take half of my account value to put on a 1 mini lot
    trade. If I happen to lose half of my account I will be forced to trade even
    smaller lots & be brought down to not being worth my while to even
    bother with trading. Is that the point of this, to run out the little fellow
    such as myself? Thank you for your consideration to this matter for me.
    Duane Kemp
    Piqua, Ohio
    937-773-4668i0-001
    COMMENT
    CL-04413
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