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Comment for Proposed Rule 75 FR 3281

  • From: Paul E Squier
    Organization(s):

    Comment No: 6304
    Date: 3/5/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-06304
    From:
    Sent:
    To:
    Subject:
    Paul Squier
    Friday, March 5, 2010 6:41 PM
    secretary
    'Regulation of Retail Forex'
    March, 5th, 2010.
    regarding RIN 3038-AC61.
    I am absolutely opposed to limiting the forex leverage to 10/1 ...I am currently a college student, I
    support myself through school by trading forex .... with these proposed changes I would no longer be able
    to meet the leverage requirements to allow me to place trades .... These regulations would most severely
    affect the "little guys" such as myself, l have spent hundreds of hours learning to trade the forex markets
    and have finally come to a point where I can consistantly make profitable trades. Please do not vote to
    change the leverage factor to 10/1 ...Please leave the system as is, that so many have become
    accustomed to ...This decision could SEVERELY affect my life, as well as the lives of many others that
    rely on forex income to help support themselves!
    With utmost sincerity,
    Paul Edward Squier