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Comment for Proposed Rule 75 FR 3281

  • From: David A Phelps
    Organization(s):

    Comment No: 574
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00574
    From:
    Sent:
    To:
    Subject:
    David Phelps
    Tuesday, January 19, 2010 1 : 11 PM
    secretary
    proposed change in Forex leverage
    The proposed change in leverage to 10x is extreme and unwarranted. As a Forex trader it is incumbant on me to manage my
    risk, I don't need the government doing it for me. Your proposed changes will destroy to retail Forex market taking away the
    ability to trade from all but the largest traders. Leave things the way they are.
    !! JESUS IS LORD !!
    David A. Phelps
    3643 Allegheny Loop RD
    Maryville, TN 37803