Comment for Proposed Rule 75 FR 3281
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From:
Edgar Burton
Organization(s):
Comment No:
1911
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01911
From:
Sent:
To:
Subject:
Edgar Burton
Thursday, January 21, 2010 2:59 PM
secretary
CFTC proposal - Forex leverage from 100:1 to 10:1 for all NFA and CFTC
regulated Forex firms
To whom it may concern,
I am writing to ask you to consider the plight of the small young investor.
I have a US Forex trading account.
I am disappointed and can't believe the CFTC would even consider doing this!
My funds committed to this area are limited in scope.
I would not be able to participate in this market if this rule change is instituted.
This policy, if implemented would be exclusionary.
It seems to me, the rule is designed to help the elite, not an up and comer who is trying to make it in this world!
Maybe that is the CFTCs objective, suppress the small guy?
If you must; put limitations on extremely large institutional traders, but please don't put these limitations on small
traders.
Really it would be most appreciated if you would not implement this proposed rule change!
Kindest regards,
Edgar Burton
Toronto, Canada
