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Comment for Proposed Rule 75 FR 3281

  • From: Bob Nagel
    Organization(s):

    Comment No: 5046
    Date: 2/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05046
    From:
    Sent:
    To:
    Subject:
    Bob Nagel
    Friday, February 5, 2010 10:05 AM
    secreta ry < secreta ry@ C FTC. g ov >
    Farm Bill Amendment Release 5772-10
    Mr: Secretary:
    Re: Release 5772-10
    January 13, 2010
    Known as Farm Bill
    I would like to object to the change of leverage in retail customer forex accounts from 100:1 to
    10:1. You will eliminate many small traders such as myself by requiring 10 times more
    captialzation to maintain an account.
    This change is not necessary for protection, as trades are set electronically to automatically close if
    you reach your accounts cash balance or limit.
    SAVE THE SMALL TRADER remove that change from your bill or amendment.
    A successful small trader provides the government with more tax income.
    Thank you
    Bob Nagel
    One of millions ofsmalltraders across our nation.
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