Comment for Proposed Rule 75 FR 3281
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From:
Steven D Price
Organization(s):
Comment No:
1940
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01940
From:
Sent:
To:
Subject:
Steve Price
Thursday, January 21, 2010 3:40 PM
secretary
Regulation of Retail Forex
To whom it may concern:
I very much appreciate your effort to help protect my privacy in your new proposed regulations for retail
trading of my forex account.
However, if you change the margin leverage requirement from 100:1 to 1011 you may as well close all
my accounts because there won't be any more attractiveness for the "little guy" to keep trading. It would
be way too expensive. I have owned a small business for 15 years and the government has done
absolutely nothing for me including Mr. President Obama's recent promises. If these regulations go
through for retail forex trading my 7 years of experiences will be done with also. I survived the 200:1 to
100:1, but 100:1 to 10:1 would definitely crush this "little guy".
PLEASE leave the retail margin requirement at 100:1.
Sincerely,
Steven D. Price
Steven D. Price
[email protected]
612-250-6772 (CELL PHONE)
