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Comment for Proposed Rule 75 FR 3281

  • From: Frederick Chang
    Organization(s):

    Comment No: 7612
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07612
    From:
    Sent:
    To:
    Cc:
    Subject:
    Freddy Chang
    Monday, March 15, 2010 9:38 AM
    secretary
    [email protected]
    Attention: David Stawick, Secretary -'Regulation of Retail Forex'
    ID Number: RIN 3038-AC61
    Commodity Futures Trading Commission
    Dear Mr. Stawick:
    I am a retired construction engineer.
    I trade moderately and beg the Commodity Futures Trading Commission NOT to apply
    a further reduction in leverage from 1:100 to 1:10.
    The present 1:100 leverage is considered satisfactory.
    A further reduction will NOT auger well among fellow traders and moreso, beneficial to
    the economy.
    Please oblige and heed my recommendation for the success of both parties - the trader
    and the commission.
    Your truly,
    Frederick Chang
    Fx Trader (1:100)