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Comment for Proposed Rule 75 FR 3281

  • From: James S Founds
    Organization(s):

    Comment No: 7463
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07463
    From:
    Sent:
    To:
    Subject:
    sfounds@comcast, net
    Sunday, March 14, 2010 11:52 AM
    secretary
    Regulation of Retail Forex
    MAGIN CHANGE TO 10:1 WILL KILL THE SMALL INVESTOR. Please don't allow this to pass.
    This kills the small investor - you have to be a big business to profit from a 10:1 margin. You need at least 100:1 to
    allow small investors operate in the financial world.
    If the CFTC does this, say goodbye to retail forex in the USA - 01-15-2010, 07:12 PM
    James Steven Founds
    413-441-5980