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Comment for Proposed Rule 75 FR 3281

  • From: Cody Deering
    Organization(s):

    Comment No: 6808
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06808
    From:
    Sent:
    To:
    Subject:
    Cody Deering
    Friday, March 12, 2010 2:02 AM
    secretary
    "Regulation of Retail Forex 3038-AC61"
    And just explain to me who is being protected here?, not me or thousands of other Forex traders that treat it as a
    business and NOT GAMBLING.
    If the 10 to 1 goes through i will be forced to pull my money and trade through a foreign Broker, as others will also.
    i am not rich and i rely on the small extra income
    that forex trading provides me. It would take to much money for me to make much of a profit at the proposed 10 to
    1 leverage!
    So how is this GOOD for the economy? and WHY is this 10 to 1 leverage being considered? Trading is a good
    supplement to my full time income.
    i just do not understand WHY you are messing with my ability to make ends meet, please leave the 100 to 1
    leverage in place, i mean it was already
    dropped from 300 leverage so leave us alone please and have a little mercy. Thank You,
    Cody Deering.