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Comment for Proposed Rule 75 FR 3281

  • From: John D Giusto
    Organization(s):

    Comment No: 4783
    Date: 2/2/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04783
    From:
    Sent:
    To:
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    Attach:
    [email protected]
    Tuesday, February 2, 2010 12:53 PM
    secretary
    NEW CFTC proposed regulations for retail Forex: Leverage Subject to a 10-to-1
    limit
    John D. Giusto.vcf
    Dear Sir,
    I would like to voice my opinion regarding the new CFTC proposal of a 10-1 leverage for Forex trading.
    I am against this propsal because it eliminates the little man in the Forex trading arena.
    Most small traders do not have the kind of capital needed to trade Forex with the kind of margin that is now being
    proposed.
    I urge you to eliminate this proposal or any future proposals that pushes the little guy out of the trading arena.
    Respectfully,
    John D. Giusto
    Beaufort, S.C.John D.
    GiustoNICKNAM E:stockprofits4u
    and eagle2
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    John D. Giusto
    John D. GiustoNICKNAME:stockprofits4u and eagle2
    DirectMatches
    Executive
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    Beaufort, SC 29902
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    2
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    July 24 1945
    [email protected]
    vCard Version: 2.1 I Revision: 20100202T175307Z