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Comment for Proposed Rule 75 FR 3281

  • From: ED Bogue
    Organization(s):

    Comment No: 5687
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05687
    From:
    Sent:
    To:
    Subject:
    Ed Bogue
    Wednesday, March 3, 2010 4:02 PM
    secretary
    Regulation of Retail Forex
    Re:
    RIN 3038-AC61
    Dear Mr. Secretary,
    As a retail Forex trader, I strongly oppose the proposed regulations included in the above referenced Identification Number. I
    am a part-time, very small trader, just trying to earn additional income to support my family in these difficult times. I need to
    have the freedom to use the 100:1 leverage that is currently in place so that I can protect my investment and earn small
    amounts of income to get by. If the leverage is changed to 10:1, I will most likely have to pull out of forex trading altogether.
    As my only additional income at this point and my pay cut by my employer, no health insurance, and transportation issues at
    home, I really need to keep trading forex.
    Please do not make any changes to the current regulations.
    Sincerely,
    Ed
    Bogue