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Comment for Proposed Rule 75 FR 3281

  • From: Henning Kallweit
    Organization(s):

    Comment No: 7324
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07324
    From:
    Sent:
    To:
    Cc:
    Subject:
    Henning Kallweit
    Saturday, March 13, 2010 12:49 PM
    secretary
    [email protected]
    Regulation of Retail Forex
    Dear Mr. David Stawick, Secretary,
    I am afraid that changes to the present 100:1 leverage to the proposed 10:1 leverage would effectively
    eliminate the small trader. Unless that is the intent, I see no purpose for this change whatsoever. We
    have been dealt major financial blows these past two years and we would suffer further hardship were
    we cast into the cold by this new regulation. We, as small traders, are not making any fortunes here but
    what we do make is often the difference between paying our bills or not. What is reason behind this
    proposed regulation other than keeping the little guy away from the table?
    Sincerely,
    Henning Kallweit
    Don't Get Caught With Your Pants Brown in 2012
    http ://henniker-keene. com/the_books.html