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Comment for Proposed Rule 75 FR 3281

  • From: Hendrik DeVries
    Organization(s):

    Comment No: 6200
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06200
    From:
    Sent:
    To:
    Subject:
    Hendrik de Vries
    Friday, March 5, 2010 12:18 PM
    secretary < secretary@ C FTC. g ov >
    4X
    Good morning,
    I am an individual trader and have accounts varying from $1,000 to $10,000. I opened a $1,000
    account with a retail forex broker (GFT Forex) about a year and a half ago and happened to be
    successful with my trading. If the proposed leverage changes go through, people like me will not
    have access to this market anymore, taking away an amazing opportunity to diversify my
    investments. Not to mention the fact that I have family in Europe and travel their several times per
    year. While they are not business trips, forex trading still allows me to hedge my vacation over
    there so I can buy my aunts, uncles and cousins more gifts.
    I have no problem with change, change is good, but changing the leverage would wipe me out of
    the market so that kind of change is not so good in my humble opinion.
    Thanks for your time,
    Hendrik de Vries