Comment for Proposed Rule 75 FR 3281
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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
