Comment for Proposed Rule 75 FR 3281
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From:
Robert Maze
Organization(s):
Comment No:
2794
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02794
From:
Sent:
To:
Subject:
[email protected]
Friday, January 22, 2010 3:30 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Friday, January 22, 2010 at 15:30:27
commenter_subject: Release: 5772-10 - Proposed regulations concerning
ret
commenter frdate: ?
commenter_frpage: ?
commenter comments: Dear Commissioner,
This is to convey my disappointment in your efforts
to keep the small retail trader out of the FOREX
game!
I understand and agree that companies/brokers
engaged in collective trading should be required to
maintain a minimum fund to cover any significant
volumes of trading in excess of $10MM US.
However, for the individual, sole traders, such as
myself, if faced with the 10:1 minimum, which means
that a single standard lot of $100,000 1 must have
a minimum of $10,000 in my account; while currently
this amount can be as little as $200! How does this
"help" small retail traders? This is a death blow
to our ability to trade on a small scale which
seems unwarranted and unfair! Aren't you supposed
to provide a safe environment for even the small
trader, and not kick us out of the game!
Sincerely,
Robert Maze
commenter name: Robert Maze
commenter firm: None
commenter withhold address on: ON
commenter addressl: 3006 East Lake Falls Circlei0-001
COMMENT
CL-02794
commenter_city: Spring
commenter state: Texas
commenter zip: 77386
commenter~hone: 832-326-4254
