Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Glen ONeal
    Organization(s):

    Comment No: 5566
    Date: 2/23/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-05566
    From:
    Sent:
    To:
    Subject:
    Attach:
    [email protected]
    Tuesday, February 23, 2010 11:38 PM
    secretary
    Public Submission for 2010-00456
    Public Submission for 2010-O0456.zip
    Please refer to the attached file.Please Do Not Reply This Email.
    Public comments on Regulation of off-Exchange Retail Foreign Exchange Transactions
    and Intermediaries.
    Title: Regulation of off-Exchange Retail Foreign Exchange Transactions and
    Intermediaries
    FR Document Number: 2010-00456
    Legacy Document ID:
    RIN: null
    Publish Date: Wed Jan 20 00:00:00 EST 2010
    submitter Info:
    first_name Glen
    last_name ONeal
    address1
    city
    country united states
    us_state MO
    zip
    company
    I strongly object to this rule change. Lowering the margin from 100:1 to 10:1 will
    cause traders to risk too much of their funds. I am a part time forex trader. I use
    it so supplement my income for my family in these difficult economic times. If this
    goes through it will put me and many others out of the forex market. Please
    reconsider this legislation.
    Glen ONeal
    Page 1