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Comment for Proposed Rule 75 FR 3281

  • From: David Isaacs
    Organization(s):

    Comment No: 3903
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03903
    FFom:
    Sent:
    To:
    Subject:
    David Isaacs
    Monday, January 25, 2010 8:17 PM
    secretary
    Regulation of Retail Forex
    I would like to add my voice to those concerned about the proposed change of leverage from 100:1 to
    10:1.I am strongly against it. I have been trading forex for the last 3 years now & would like to say that
    we all know what we are getting ourselves into when we use more leverage,it is a personal choice,a
    personal freedom.Like the right to vote,you either want to or you dont.America is still the land of the
    free & the brave,where a man through hard work & perseverance can reach the mountain top.A negative
    move like this would kill all hope for many small people like myself, who would hope to reach this
    mountain top,as in effect we would have no choice ,but to call it quits.I know that this new proposal will
    not be passed as it would be sending the message that this administration only believes in the big man &
    his family & cares nothing for the poor man & his family who one day with hard work & the Grace of
    God ..could pull himself up out of the valley, for that trip to the mountain top.Please do not kill our
    dreams.