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Comment for Proposed Rule 75 FR 3281

  • From: Louise Cardon
    Organization(s):

    Comment No: 5418
    Date: 2/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05418
    From:
    Sent:
    To:
    Subject:
    Louise Cardon
    Wednesday, February 17, 2010 12:52 AM
    secreta ry < secreta ry@ C FTC. g ov >
    regulation of retail forex
    Please do not change the leverage requirement from 100-1 to 10-1 for retail forex traders. I have
    worked hard and long to finally come up with a trading strategy that works. It has taken me three
    years. The income I earn goes back in to economy as I am a single mother with two kids trying to
    earn money from home. It would be extremely difficult for me to come up with 10 times the
    amount of money to fund my account. This rule is going to causea lot of margin calls for the
    small time traders. Also U.S. jobswill be lost as traders move account overseas just to survive.
    Thank you, JoleneIddison