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Comment for Proposed Rule 75 FR 3281

  • From: Brian Miller
    Organization(s):

    Comment No: 7438
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07438
    From:
    Sent:
    To:
    Subject:
    Brian Miller
    Sunday, March 14, 2010 5:02 AM
    secretary
    10:1 Leverage, Please Do Not Change
    Hello my name is Brian, and I currently trade on the Forex market to support my family. I started trading on the
    Forex market because of the income possibilities. I was an underground coal miner before I started trading, which is
    very dangerous and unhealthy. I no longer have to be a coal miner because of my income as a Forex trader. If you
    were to change the leverage to 10: 1, I could no longer make the amount of income that I need to support my
    family. Therefore I would have to go back into the coal mines. I beg you, my family begs you, not to change the
    leverage to 10: 1. I know many other people that would be negatively affected by this change, the Forex market
    offers a way for people to make a good living without having to invest hundreds of thousands of dollars. Most people
    do not have that kind of spare money to invest, and I didn't either, but because of the current amount of leverage
    that can be used, I was able to build my account margin rather quickly, so I could start taking my profits as
    income. I hope these words do not fall on deaf ears.
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