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Comment for Proposed Rule 75 FR 3281

  • From: Clarence Scobee
    Organization(s):

    Comment No: 600
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00600
    From:
    Sent:
    To:
    Subject:
    Linda Scobee
    Tuesday, January 19, 2010 1:32 PM
    secretary
    Regulation of Retail Forex---RN3038-AC61
    Mr. Secretary:
    This is in response to the proposed changes in the subject matter noted above. Trading Forex is one
    method by which those of us that are to old or other wise incapable of employment that are able to pick
    up a little income, especially in these tough economic times. This proposed change would eliminate us
    small traders and benefit the BIG BOYS, those that have large bankrolls that can well afford the large
    leverage amounts. We small traders have to scalp the market because we cannot afford the large draw
    downs on our trades. I would hope you will take this into consideration in your decision to revamp this
    regulation and keep the existing leverage amounts in place.
    Sincerely, Clarence Scobee