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Comment for Proposed Rule 75 FR 3281

  • From: Kevin Boisvert
    Organization(s):

    Comment No: 6484
    Date: 3/7/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06484
    From:
    Sent:
    To:
    Subject:
    Kevin Boisvert
    Sunday, March 7, 2010 2:09 PM
    secretary
    Regulation of Retail Forex
    I have read that you are considering changing the current leverage available to forex traders from 100:1 to 10:1
    Please do not do this. As a new trader without hundreds of thousands of extra dollar just hanging around in my bank account this is
    the only way for me to make some extra income.
    I own a motorcycle parts supply store with gross sales in the millions and barely make enough money to live after all the taxes and cost
    of living.
    Forex trading is risky and i understand that, I want it to be my choice on how much leverage I choose to play with.
    If had had to have 10 000 in my account to buy 1 lot I would no longer be able to trade.
    You would push me and thousands like me back into poverty.
    Please Do not change this!!!!!
    Kevin Boisvert
    Owner Bayside Performance
    kevin@bavsideperformance, com