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Comment for Proposed Rule 75 FR 3281

  • From: Michael Land
    Organization(s):
    Elite Lien Services

    Comment No: 6154
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06154
    From:
    Sent:
    To:
    Subject:
    Michael Land
    Friday, March 5, 2010 11:10 AM
    secretary
    Forex Leverage
    I have enjoyed the Forex Market for several years now. I am a small time trader who benefits from the
    significant leverage I am able to access. In all of my years as a trader, I have never heard of a trader using the
    great leverage afforded by the Forex market running into huge financial problems. While I understand the
    intense scrutiny of the financial markets due to the economy and the fundamental reasons that the economy is
    in such a state today, I do believe that Forex is a well managed financial market and not in any significant danger
    of creating or adding to the financial crisis the world is in today.
    Please do not adjust the leverage requirements in Forex as small time traders like myself will not be able to
    access the system. Small business is the greatest driver in any economy and closing us out of Forex will do
    significantly more harm than good.
    Thank you for your time and consideration in this matter.
    Michael Land
    Elite Lien Services
    P.O. Box 3705
    Glendale, CA 91221
    Phone: (800) 986-5914