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Comment for Proposed Rule 75 FR 3281

  • From: Mark LeClair
    Organization(s):

    Comment No: 4666
    Date: 1/31/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04666
    From:
    Sent:
    To:
    Subject:
    Mark LeClair
    Sunday, January 31, 2010 2:12 PM
    secretary
    Proposed leverage rules change
    Dear Secretary,
    Just to let you know that I am a disabled individual who has spent the last 15 months studying how to
    trade the Forex market. I have made not only an investment of time but of some monies. Now as I am
    iust starting with a $100 trading account (which is all I could gather together on my limited income) you
    are about to take this away by supposedly protecting retail traders. For me and many like me, playing
    the micros is all we can do. If I can add $50 per month to my account then I am improving my monthly
    income by 2.5% a month. I have no retirement package and I can not work much at all. I am relegated to
    my computer screen much of the day. So, not only do I get the chance to trade and make money but I
    feel a sense of professionalism and accomplishment. All this will be taken away if you change the
    leverage rules. I understand that some of the other rules may be beneficial but the leverage rule is going
    to hurt the small trader. Please consider protecting the small retail trader who is attempting to better
    themselves and provide for their families a better life, not killing the retail trade by putting it out of the
    reach of so many people like myself. I enjoy trading and with my limitations it is one of the few things
    in life I can still do. Please do not take that away from me.
    Sincerely,
    Mark LeClair