Comment Text:
i0-001
COMMENT
CL-06382
From:
Sent:
To:
Subject:
Michael < baronjeffrey@comcast, net>
Saturday, March 6, 2010 11:48 AM
secretary
RIN 3038-AC61
David Stawick, Secretary
Commodity Futures Trading Commission
Dear Mr. Stawick,
Reducing leverage on foreign currency trading accounts, not only limits the return of investors, it also creates an undue burden for
thousands of potential investors by increasing the margin necessary to trade.
For example, as a graduate student, I can afford to the $1,000 margin required for trading. A $10,000 margin is not affordable.
Granted last year's reduction from 200:1 to 100:1 can be understood as reducing greed. Further reduction favors the wealthy and
effectively eliminates others, like me, who are studying the market and attempting to apply rationale strategies to developing wealth.
Sincerely,
Michael C. Baron-Jeffrey
