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Comment for Proposed Rule 75 FR 3281

  • From: Vyril A Monk
    Organization(s):

    Comment No: 7602
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07602
    From:
    Sent:
    To:
    Subject:
    Monk, Vyril A.
    Monday, March 15, 2010 8:46 AM
    secretary
    'Regulation of Retail Forex'
    RIN 3038-AC61
    As a small investor-trader, I am objecting to the reduction of Forex leverage. Why should the small guy
    suffer again. The smaller trader knows the risk
    If he or she decides to trade; stocks, options, currencies, etc. The chance of improving our standard of
    living would be again taken away.
    The financial institutions and the wealthy would not be affected. The USA is a country of equal
    opportunity-or maybe not.
    More restrictions are put on the smaller investor -trader, how can we prosper? We do not prosper- less
    money put back into the economy. Do the financial
    Institutions and wealthy compensate the lack of spending- the answer is no. The smaller investor-trader
    is again inhibited to better his-her life.
    V.Monk