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Comment for Proposed Rule 75 FR 3281

  • From: Leroy Baldock
    Organization(s):

    Comment No: 6386
    Date: 3/6/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06386
    From:
    Sent:
    To:
    Subject:
    Leroy Baldock
    Saturday, March 6, 2010 12:19 PM
    secretary
    Regulation of Retail Forex
    I believe the proposed change to limiting the leverage of a trade to 10:1 will insure that only the wealthiest traders are
    successful. Smaller traders would be forced to make larger trades for any chance of profitability (RIN 3038-AC61). I am firmly against
    this action. We already have enough government regulations that have an o_.EPosite effect than supposedly intended after
    implementation.
    Sincerely,
    Leroy Baldock