Comment for Proposed Rule 75 FR 3281
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From:
Carl Scibetta
Organization(s):
Comment No:
1020
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01020
From:
Sent:
To:
Subject:
AMER Fund
Wednesday, January 20, 2010 4:09 PM
secretary
Proposed Currency Leverage Changes
Dear Secretary,
As a private investor, it is already a struggle with the leverage restrictions imposed last year. My profits are down enough
already. One lot of 10,000 used to cost $50 ($25 up front, $25 to cover). Now it costs $200 ($100 up front, $100 to cover).
My account principal is less than a thousand dollars and the leverage changes of last year, as the proposed ones, will only
increase my risk significantly, unaffordably, and is not in the best interest of small, very small investors as myself.
Please do not make this difficult investing market more difficult and costly.
Carl Scibetta
Private Investor
