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Comment for Proposed Rule 75 FR 3281

  • From: Eduardo Marrero
    Organization(s):

    Comment No: 259
    Date: 1/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00259
    From:
    Sent:
    To:
    Subject:
    Eduardo Marrero
    Sunday, January 17, 2010 5:12 PM
    secretary
    Regulation of Retail Forex
    Dear CFTC Secretary,
    This is to let you know I opposed your proposal to restrict the leverage in Forex US Accounts to 10:1. I make my
    living through Forex trading and with this new regulation the amount of money required to make a trade will be
    outrageous. There are enough problems with our economy right now and a large amount of unemployed people
    to prevent traders to make a decent living.
    Please let people manage their own money and risk. There are many disclaimers in place already to advice
    traders of the risk in forex currency trading.
    Sincerely hope you don't pass this regulation
    Regards,
    Eduardo Marrero
    Miami Lakes, FL