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Comment for Proposed Rule 75 FR 3281

  • From: Jayasri Basu
    Organization(s):

    Comment No: 962
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00962
    From:
    Sent:
    To:
    Subject:
    Jayasri Basu
    Wednesday, January 20, 2010 11:24 AM
    secretary
    Re: Proposed Changes in Leverage
    Dear Secretary:
    I am writing this letter to stop the changes to forex trading rules concerning leverage. Normally 2% of
    an account is traded with stop loss in place in case the trade goes against you. In this economic situation
    more and more people have chosen forex trading to Rp,~!Rpo~t~,,d,!o~ because of the existing leverage. The
    leverage allows a person to hold a micro account to cope with the existing recession and
    unemployment. If this leverage is taken away, more and more people will resort to foreign trading
    accounts, and in the long run the government will lose the ~t,,a,},,,r,~y,~,~o~e,,s, that can yield from profitable
    trades, and hence, it would only negatively affect the economy. I therefore, would URGE YOU
    NOT
    to PASS any
    CHANGES REGARDING LEVERAGE!!!!!
    Concerned citizen,
    Jayasri Basu