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Comment for Proposed Rule 75 FR 3281

  • From: Stephen B Lord
    Organization(s):

    Comment No: 5393
    Date: 2/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05393
    From:
    Sent:
    To:
    Subject:
    Stephen B. Lord
    Monday, February 15, 2010 9:19 PM
    secretary
    Opposed to 10:1 Leverage Limit
    Dear Secretary,
    I must tell you that I am opposed to the CFTC's 10:1 leverage limit because it places restrictive
    limits for traders that can not afford to come up with large sums of capital to trade.
    I take care of my moms & dads bills and have very little cash left to trade with and because of
    that, I'm locked out of equites, options and most other instruments. But with FX, it's great to be
    able to open an account with $500 or less. That allows small traders like myself to take
    advantage of the financial markets.
    Best regards,
    Stephen Lord