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Comment for Proposed Rule 75 FR 3281

  • From: Doug Mendl
    Organization(s):

    Comment No: 3599
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03599
    From:
    Sent:
    To:
    Subject:
    Doug Mendl
    Sunday, January 24, 2010 7:03 PM
    secretary
    New Margin Proposal
    As a small trader I believe this goes against us. The 100:1 leverage gives us little guys some fair footing. If ~/ou
    lower it to 10:1 ~/ou virtually take us out of the game. The government's actions nowadays appears to be totally
    against small business and the little guy. Every move that's been made has helped banks and hurt us. The banks
    got the bailout funds and we can't get a loan. You cut down the leverage and ~/ou give them the upper hand
    again. You need to understand that the little guy is what built this country and is what will bring it out of the
    hole it's in now.
    Leave the 100:1 leverage in place.
    Doug Mendl