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Comment for Proposed Rule 75 FR 3281

  • From: Steven Wheeler
    Organization(s):

    Comment No: 788
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00788
    From:
    Sent:
    To:
    Subject:
    Steven Wheeler
    Tuesday, January 19, 2010 6:33 PM
    secretary
    Regulation of Retail Forex
    To whom it may concern.
    Re garding RIN 3038-AC61
    I am absolutely opposed to the reduction of leverage under the proposed
    changes.
    I am a very small trader and it is the 100:1 leverage I currently
    utilize in my trading.
    By utilizing 100:1 I have a very small edge that helps me compete in
    this market.
    Take this away and all you have done is provide preferential treatment
    for the large players while hurting the small trader like myself.
    Thank you
    Steven Wheeler
    Langley, OK
    918-589-3434