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Comment for Proposed Rule 75 FR 3281

  • From: Gene Riddell
    Organization(s):

    Comment No: 4762
    Date: 2/1/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04762
    From:
    Sent:
    To:
    Subject:
    KENNETH RIDDELL
    Monday, February 1, 2010 8:51 PM
    secretary
    Regulation of Retail Forex
    RE: ID RIN 3038-AC61
    PLEASE BE ADVISED THAT I AM AGAINST THE PROPOSED CHANGE IN LEVERAGE FROM
    100-1
    TO 10-1. I DO NOT FULLY UNDERSTAND THE REASON FOR THIS CHANGE BUT CAN
    ONLY
    IMAGINE SOMEONE WANTS TO SQUEEZE OUT THE "LITTLE GUY". I AM A BEGINNER AT
    TRADING
    CURRENCIES WITH A SMALL MARGIN ACCOUNT. I LIKE THIS TYPE OF TRADING AND
    WOULD
    LIKE SOMEDAY TO TRADE FULL TIME AND QUIT MY DAY JOB. I THINK THIS TYPE OF
    TRADING
    WILL GIVE ME THIS OPPORTUNITY. THANK YOU FOR YOUR TIME.
    SINCERELY, GENE RIDDELL - VERO BEACH, FLORIDA