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Comment for Proposed Rule 75 FR 3281

  • From: Robert Candee
    Organization(s):

    Comment No: 6563
    Date: 3/8/2010

    Comment Text:

    i0-001
    COIMMENT
    CL- 06563
    From:
    Sent:
    To:
    Subject:
    Robert or Juanita Candee
    Monday, March 8, 2010 4:24 PM
    secretary
    coment on proposed limiting of margin to 10:1
    I am adamantly opposed to lowering the margin limit below 100:1 in Forex trading. I have traded stocks &
    options for over 20 years and and now getting ready to trade on a small scale Forex. I will limit my trading to .1 lot
    per $5000. of cash in my account as a conservaative limitaton of my own, but think if you lower requirement to
    10:1, it will only lower the lifquidity of the market as there will be a lot of small traders who will no longer trade.
    Thank You I am; Robert Candee 7250 Dundee Ln. Fallon, Nv. 89406-2357. e-mail; [email protected]