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Comment for Proposed Rule 75 FR 3281

  • From: T Warren
    Organization(s):

    Comment No: 6928
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06928
    From:
    Sent:
    To:
    Cc:
    Subject:
    TW
    Friday, March 12, 2010 7:41 PM
    secretary
    [email protected]
    'Regulation of Retail Forex'
    identification number RIN 3038-AC61
    03/12/2010
    Dear Mr David Stawick,
    Please do NOT change the leverage of forex margin to 10:1.
    If you do, it will successfully squash all the "little guys" that
    trade forex on a small scale, myself included.
    We would no longer afford to participate, and you would
    make forex a big player only venue as it was once before in the past.
    We do not need more regression in this world, but to advance
    ourselves and let everyone in for their fair chance at trading forex.
    Please give EVERYBODY a fair chance and keep the maximum margin at 100:1.
    T. Warren
    Rochester, NY