Comment for Proposed Rule 75 FR 3281
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From:
Nick Pfeifle
Organization(s):
Comment No:
2216
Date:
1/21/2010
Comment Text:
i0-001
COIMMENT
CL-02216
From:
Sent:
To:
Subject:
Nick Pfeifle
Thursday, January 21, 2010
8:21 PM
secretary
Regulation of Retail Forex
Changing the leverage to 10:1 and the margin requirement to $10000 is akin to making someone put $10000 in their
brokerage account in order to buy one tenth of a share of stock. This regulation would not make it profitable to trade anymore
- one would need huge swings in the exchange rate to make a decent profit. It is my goal to become a successful currency
trader, support my family, pay my federal taxes, and live out the American dream. This new regulation would end that
dream.
Nick
Kent, WA
