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Comment for Proposed Rule 75 FR 3281

  • From: Jim Atteberry
    Organization(s):

    Comment No: 480
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00480
    From:
    Sent:
    To:
    Subject:
    Jim Atteberry
    Tuesday, January 19, 2010 11:03 AM
    secretary
    Regulation of Forex RIN 3038-AC61
    Dear Sir.
    The proposed change in the regulations will only hurt the small trader like me. I have traded Forex for nearly 5 years and the
    proposed regulation change from 100:1 to 10:1 would cause me to move my account out of the country or make it more
    difficult to make money in the market if I stayed in the US.
    You will surely hurt the small investor and move forex trading off- shore, I trust that is not your intent.
    You are making a mistake so please do not change the leverage requirement.