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Comment for Proposed Rule 75 FR 3281

  • From: Prataprai J Kaneria
    Organization(s):

    Comment No: 7275
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07275
    From:
    Sent:
    To:
    Subject:
    Pratap Kaneria
    Saturday, March 13, 2010 10:46 AM
    secretary
    Regulation of Retail Forex - RIN 3038-AC6 l.
    Dear Sir,
    I am a retail forex trader. New proposal to change maximum leverage to 10:1 from current 100:1 should
    be passed only if the commission is
    looking to put an end to retail forex market in US. 1 don't have enough capital to do forex trading at
    10:1 leverage. I will simply move my business
    to a overseas broker.
    Prataprai J. Kaneria