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Comment for Proposed Rule 75 FR 3281

  • From: K L Adams
    Organization(s):

    Comment No: 4836
    Date: 2/3/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-04836
    From:
    Sent:
    To:
    Subject:
    K. Lee Adams
    Wednesday, February 3, 2010 7:24 PM
    secretary
    Regulation of Retail Forex
    To whom it may concern, the limitation of leverage, to 1:100, down from 1:400 was damaging enough
    to the viability of any trades I might make in order to try to augment my meager income. Limiting it to
    110 would be disastrous to the markets, as the viability for making any trades would be totally
    destroyed.
    I would be forced to stop trading entirely. These arbitrary moves that have been undertaken by
    incompetents in the current adminstration are injurious to anyone trying to do better for themselves in
    this time of economic turmoil and are, in my opinion, unconscionable.
    K. L. Adams
    Tucumcari, NM