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Comment for Proposed Rule 75 FR 3281

  • From: Larry Alexander
    Organization(s):

    Comment No: 3375
    Date: 1/23/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-03375
    From:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Saturday, January 23, 2010 6:59 PM
    secretary
    Public Submission for 2010-00456
    Public Submission for 2010-00456.zip
    Please refer to the attached file.Please Do Not Reply This Email.
    Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
    Intermediaries:
    Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
    FR Document Number: 2010-00456
    Legacy Document ID:
    RIN: null
    Publish Date: Wed Jan 20 00:00:00 EST 2010
    Submitter Info:
    first_name Larry
    last name Alexander
    address1 15005 Garden Rd
    city Poway
    country United States
    us state CA
    zip 92064
    company
    Please reconsider the proposed change to 10:1 leverage. Small Forex traders such as
    myself who have never had a complaint against the brokers I use, would be seriously
    impeded by the new regulation. As I depend on this income, but cannot risk huge sums,
    would have to leave this market altogether.
    Please don't let the complaints of inexperienced traders looking to blame others for their lack
    of trading expertise weigh in on your decision.
    Thank you for your consideration.
    Sincerely,
    Larry Alexander