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Comment for Proposed Rule 75 FR 3281

  • From: Harish Patel
    Organization(s):

    Comment No: 7500
    Date: 3/14/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07500
    From:
    Sent:
    To:
    Subject:
    Harish Patel
    Sunday, March 14, 2010 4:39 PM
    secretary
    Regulation of Retail Forex
    My I.D. # is: RIN 3038-AC61.
    I oppose to the new regulation of 10:1 leverage instead of 100:1 leverage which requires margin of
    $10,000 instead of $1000.As I am retired and unemployed and not good chance to get job, I am trying to
    make ends meet now by trading into currency market with small amount of money as a small trader, if
    you pass this new regulation, you will throw out small trader like me and would favor large wealthy
    trader only which is discriminatory and against American way.