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Comment for Proposed Rule 75 FR 3281

  • From: Bryce Firman
    Organization(s):

    Comment No: 5
    Date: 1/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00005
    From:
    Sent:
    To:
    Subject:
    Bryce Firman
    Thursday, January 14, 2010 3:18 AM
    secretary
    Regulation of Retail Forex re. leverage
    As a retail forex trader, I find it appalling that you propose to lower the leverage to 10: 1. This is how I make my
    daily bread, and for you to come along and think that you know how to protect or regulate me better than myself or
    the rest of the traders in this industry is incredibly ignorant and shortsighted. I use that leverage to my advantage
    in trading my account and providing myself with an income.
    Instead of decreasing leverage, why don't you educate new traders on the advantages and disadvantages of high
    and low leverage. This is a better way than taking away a traders tools.
    Do not lower the leverage to 10:1.
    Sincerely,
    Bryce Firman

AttachmentEdit
CL-00005.pdf