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Comment for Proposed Rule 75 FR 3281

  • From: John J Bowen
    Organization(s):

    Comment No: 1731
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01731
    From:
    Sent:
    To:
    Subject:
    John Bowen
    Thursday, January 21, 2010 11:09 AM
    secretary
    Forex trading
    Please leave my margin requirements alone. The current requiremets serve me well and have never resulted
    in an uncontorlled or unacceptable draw down on my account when the market has moved contra to my position.
    All retail customers that I am aware of are well equiped with stop loss orders and other account management
    techniques. Your incrasing margin requirements will seriously erode my opportunity and the achievement of my
    investment objectives.
    For those traders who are foolish in thier trades with the current margin requirements will also be foolish in their
    trades with any new margin requirements. Responsibe traders need the current margin requirements to remain
    constant. Therefore you will not accomplish anything positive with increased margin requirements.
    John J. Bowen