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Comment for Proposed Rule 75 FR 3281

  • From: David Chitara
    Organization(s):

    Comment No: 3387
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03387
    From:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Saturday, January 23, 2010 7:59 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 David
    last name Chitara
    address1
    city
    country United States
    us state CA
    zip
    company
    Regarding the proposed change in levearge for retail forex traders from 100:1 to 10:1, please
    do not allow this change to take place. I have educated myself of the risk to leverage and
    therefore I take appropriate measures to protect my holdings while at the same time
    benefiting from the returns that 100:1 leverage allows. Please do not punish all retail forex
    traders for the folly of some. Thank you.