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Comment for Proposed Rule 75 FR 3281

  • From: Abbas Hamidi
    Organization(s):
    Forex Trader

    Comment No: 7488
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07488
    From:
    Sent:
    To:
    Cc:
    Subject:
    Abbas Hamidi
    Sunday, March 14, 2010 2:30 PM
    secretary < secreta ry@ C FTC. g ov >
    cftcfeed back@ fxd d. corn
    Re: RIN 3038-AC61
    Dear Mr. Stawick,
    I am writing you in reference to the new regulation regarding forex trading. The proposed
    change, leverage from 100:1 to 10:1 will affect many traders. You will be hurting thousands of
    traders, if not more. Many of us go into trading with only a couple of thousand dollars. If you go
    through with the new proposal, you will be taking all of us out of trading. I strongly suggest you
    reconsider this proposal for the sake of your fellow citizens and human beings.
    A lot of us are trying to cultivate and grow a business and with the new ruling, you are in effect
    closing many small businesses. So please reconsider what you are doing and stop going through
    with new rule.
    Sincerely,
    Abbas Hamidi
    Forex Trader