Comment for Proposed Rule 75 FR 3281
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From:
Heston W Williams
Organization(s):
Comment No:
2344
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02344
From:
Sent:
To:
Subject:
Heston Williams
Thursday, January 21, 2010 10:57 PM
secretary
Regulation of Retail Forex
Secretary David Stawich
I have been made aware that your office is seeking comment on the proposed regulations concerning
retail forex trading (ID# RIN 3038-AC61). In particular, I am referencing the "10-to-
limitation."
This limitation, in my opinion, would be a great restraint to many people
who through many hours of hard work and study have learned to control, and use
100:1
leverage
to make their
living.
I am one of those
people,
sir.
I am currently a full time student, studying for a double major. Fall 2010 I will
receive a B.S. Business, and B.S. Geology degrees. Forex provides me an income,
allowing me spend more time studying. Limiting my leverage to only 10:1 would be
a DRASTIC setback to me, and my financial future, as growing my account now is
critical.
I do not support the proposed regulations for further forex regulation.
Sincerely,
Heston W. Williams
