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Comment for Proposed Rule 75 FR 3281

  • From: Duane Kemp
    Organization(s):

    Comment No: 4411
    Date: 1/28/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04411
    From:
    Sent:
    To:
    Subject:
    Duane Kemp
    Thursday, January 28, 2010 10:42 PM
    secretary
    Regulation of Retail Forex
    Dear Sirs;
    I am writing to ask you not to change the Forex trade ratio to a 10:1
    from 100:1. My reason for this is that I am retired & this will effect the
    amount of money that I will need to trade Forex. I have a small account
    of $2037.17 & the new law you are proposing will take half of my account
    value to put on a 1 mini lot trade. If I happen to lose half of my account I
    will be forced to trade even smaller lots & be brought down to not being
    worth my while to even bother with trading. Is that the point of this, to
    run out the little fellow such as myself? Thank you for your consideration
    to this matter for me.
    Duane Kemp
    Piqua, Ohio
    937-773-4668i0-001
    COMMENT
    CL-04411
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