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Comment for Proposed Rule 75 FR 3281

  • From: Floyd Allen
    Organization(s):

    Comment No: 4876
    Date: 2/3/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-04876
    From:
    Sent:
    To:
    Subject:
    Floyd Allen
    Wednesday, February 3, 2010 9:06 PM
    secretary
    Regulation of Retail Forex
    I am a retail forex trader and to change the current leverage from 100:1 to 10:1 would be simply disasterous to my trading
    abilities to make a living. I have a wife, a daugther and a child on the way. This type of change would cause economic
    hardship on my family during a time when the US Economy is losing jobs and viable companies are hard to find. I would
    appreciate it if the CFTC would leave the leverage for retail traders at its current level of 100: l.