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Comment for Proposed Rule 75 FR 3281

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  • From: Robin Gomm
    Organization(s):

    Comment No: 2820
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02820
    From:
    Sent:
    To:
    Subject:
    Robin Gomm
    Friday, January 22, 2010 3:56 PM
    secretary
    forex trading
    I understand that there is a proposal in the pipeline to limit leverage on forx transactions to a maximum of 10:1
    I am a small trader, using the forex market to provide me with modest additional income that gives me a greater
    degree of independence - I am 76 years old, and do not recive or seek state handouts..
    Could you please advise me what the objective/s is/are in imposing this limitation, given that forex rading is
    subject to margin calls that already give more than adequate protection against abuse
    Yours sincerely
    Robin Gomm