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Comment for Proposed Rule 75 FR 3281

  • From: Saurabh Kumar
    Organization(s):

    Comment No: 5553
    Date: 2/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05553
    From:
    Sent:
    To:
    Subject:
    sau [email protected]
    Tuesday, February 23, 2010 8:54 AM
    secretary
    Regulation of retail forex
    Hi,
    I am a trader in forex from NJ usa . I oppose 10:1 leverage proposal.
    It is tough for a biggner to invest so much money and also to maintain
    this much amount in forex retail account. This rule will discourage
    retail investor from forex market. I am a full time daytrader and some
    times I am able to pay my bills and children fee from the monthly
    earning that I get from forex. Do not pass 10:1 leverage rule.
    Thank
    Saurabh kumar
    Plainsboro nj USA