Comment for Proposed Rule 75 FR 3281
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From:
Timothy J McGuire
Organization(s):
Comment No:
3173
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03173
From:
Sent:
To:
Subject:
Tim McGuire
Saturday, January 23, 2010 8:47 AM
secretary
Regulation of Retail Forex
To Whom It May Concern:
I am not a broker. I trade from home. With the already in place protection that firms provide against a negative
balance, I see no need to reduce leverage to 10:1. I typically use a 50:1 and I think a cap of 100:1 is fine. You will
ruin the industry with this new rule if it is allowed to pass. Please leave things as they are.
Sincerely,
Timothy J.McGuire
PO Box 10828
Wilmington, NC 28404
