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Comment for Proposed Rule 75 FR 3281

  • From: Michael DelToro
    Organization(s):

    Comment No: 477
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00477
    From:
    Sent:
    To:
    Subject:
    Lic. Michael Del Toro Navarro
    Tuesday, January 19, 2010 10:57 AM
    secretary

    Against the Proposition of Forex Leverage
    David,
    I am very upset with the new proposition to change the leverage of forex trading to 10 to 1 ratio. This would affect my
    family deeply as many other families. I am a father of 4 children, and my parents also depend on my income. I make a
    living with forex trading and I do not have a large sum of capital invest. This would put me in an immediate unemployed
    situation. Please do not change the leverage. As myself, I know of many others who are against this proposition for the same
    reasons. We should manage our own risks and have the ability to decide the leverage. The 400 to 1 was recently changed to
    maximum of 100 to 1, that hurt us financially also. Please do not choke us even more.
    Sincerely,
    Michael Del Toro
    Dallas, Texas