Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Tyler Dovell
    Organization(s):

    Comment No: 5861
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05861
    From:
    Sent:
    To:
    Subject:
    Tyler Dovell
    Wednesday, March 3, 2010 11:21 PM
    secretary < secretary@ C FTC. g ov >
    Regulation of Retail Forex
    I would care to advise you against the proposed leverage changes. I can see the need to try and
    curb rouge speculation among funds but at the same time you must think of the smaller investor. I
    am a college student who does this due to interest and also to help sustain myself so that I don't
    need to work as much, which takes away from my studies. Your changes would require me, as a
    small time investor to have a much larger margin even though I use mini lots. Now would need to
    keep a minimum of $1000 in my account per position and this is quite excessive for someone in my
    position. I hope that you reconsider your position on this issue
    Sincerely,
    Tyler Dovell
    Take your contacts everywhere.
    Try Messenger for mobile