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Comment for Proposed Rule 75 FR 3281

  • From: Joshua Hauck
    Organization(s):

    Comment No: 693
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00693
    From:
    Sent:
    To:
    Subject:
    Joshua Hauck
    Tuesday, January 19, 2010 4:08 PM
    secretary
    Regulation of Retail Forex
    To Whom It May Concern:
    I have just received notice that there is a proposal to restrict leverage in the retail forex market for U.S.
    citizens to 10-to-1. I would like to ask you to please reconsider this regulation as trading the retail forex
    is how I make my Jiving, I am a day trader. Changing the leverage requirement would put me and others
    I know out of a job, so to speak. I understand how traders can abuse the use of leverage, but is it really
    necessary to put those who don't abuse it and make a living off of it in the same arena? I am sure there is
    another way, please, please reconsider this action, thank you.
    Joshua Hauck