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Comment for Proposed Rule 75 FR 3281

  • From: Paula Schleder
    Organization(s):

    Comment No: 7453
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07453
    From:
    Sent:
    To:
    Cc:
    Subject:
    Paula Schleder
    Sunday, March 14, 2010 10:09 AM
    secretary
    [email protected]
    'Regulation of Retail Forex'
    RIN 3038-AC61
    Dear Sir:
    Please add my name to a growing (I am sure) list of small, entrepreneurial traders who are outraged by the proposed
    changes in leverage in the retail Forex market. The majority of us are educated, responsible traders of somewhat
    modest means who are NOT making a killing in the market, but a steady secondary and often primary income from
    trading forex.
    Why are you hellbent on driving us out of the market? Can we possibly have that much of an effect on volatility or
    uncertainty, when we go in for our 20 to 50 pips at a time? This is unconscionable and will be devastating to many of
    us who do not have the risk capital for these changes or who do not want to work with a higher margin ....
    we will be
    reduced to using micro mini amounts to even stay in the market.
    Stop being part of this massive government regulation that is sweeping this country.
    Respectfully,
    Paula Schleder