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Comment for Proposed Rule 75 FR 3281

  • From: William Sorrell
    Organization(s):

    Comment No: 2509
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02509
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Friday, January 22, 2010 8:32 AM
    secretary
    Regulation of Retail Forex
    Please do not change the present leverage of 100:1 to 10:1.
    The ability for us retail forex traders to make profits without substantial capital rests on the
    present level of leverage. Reducing the leverage to 10:1 would bar the average middle-class
    investor from forex trading.
    I believe those who mismanage their accounts deserve to be eliminated from trading --- not
    protected to the detriment of prudent traders.
    Thank you for your reading this.
    William Sorrell
    34 King St., 2nd floor
    Pottstown, PA 19464
    610-970-8588
    wasorrell @com cast. net