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Comment for Proposed Rule 75 FR 3281

  • From: Harlon Howard
    Organization(s):

    Comment No: 835
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00835
    From:
    Sent:
    To:
    Subject:
    nmpointinglab [email protected] <"nmpointinglab s@netzero, com">
    Tuesday, January 19, 2010 8:44 PM
    secretary
    leverage rules
    Dear CFTC: I do not believe that you should lower the amount of leverage on Forex accounts to 10:1.
    The responsible traders know how to limit their losses. We also have had to acknowledge that there is
    risk involved. If we get into trouble the institutions close the trade before we can lose a large amount of
    money.
    Don't punish the retail traders for what the banks are dong that is irresponsible.
    Thank you
    Harlon Howard