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Comment for Proposed Rule 75 FR 3281

  • From: Colbey Parsons
    Organization(s):

    Comment No: 7469
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07469
    From:
    Sent:
    To:
    Subject:
    colbeyparsons@aol .com
    Sunday, March 14, 2010 12:36 PM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Sunday, March 14, 2010 at 12:36:04
    commenter_subject: Regulation of Retail Forex
    commenter_frdate: March 22, 2010
    commenter_frpage: RIN 3038-AC61
    commenter_comments: PLease do not hcange the margining requirements for
    the retail exchange. The micro exchange are the
    perfect trainign ground for future traders and
    investors as they allow a high enough risk to
    reward to spend the time learning the skills
    required to be successful. Raising margin rates
    doesn't protect the investor and it locks out small
    investors that don't have the money to start big.
    If you raise margin rates ,it does not effect the
    big established trades as they simply put up more
    money to achieve ther goals. It's the small
    investor that can no longer afford the margin rates
    that is locked out of trading.
    commenter_name: Colbey Parsons
    commenter_withhold_address_on: ON
    commenter_addressl: 627 N State st
    commenter_city: Greenfield
    commenter_state: Indiana
    commenter_zip: 46140
    commenter_phone: 3174622629