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Comment for Proposed Rule 75 FR 3281

  • From: Jeff Searles
    Organization(s):

    Comment No: 358
    Date: 1/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00358
    From:
    Sent:
    To:
    Subject:
    Jeff Searles
    Monday, January 18, 2010 4:39 PM
    secretary
    proposed rule regarding NFA brokers limited to 10:1 leverage on forex trades
    Please consider the damage that will be done to the small forex trader if the 10:1 maximum leverage
    limit is passed. I am a small FOREX trader with an account less than $1,000.00 and would be forced to
    move my account off shore, most likely to the UK, if the proposed rule goes into effect. An effort to
    protect a few at the expence of many is basically unjust.
    Yours,
    Jeff Searles