Comment Text:
i0-001
COMMENT
CL-07803
From:
Sent:
To:
Subject:
RAEJEAN RECK
Tuesday, March 16, 2010 11:37 AM
secretary
Please reconsider 2008 Farm bill margin requirements
Please reconsider the 2008 Farm Bill proposed regulation on the margin requirements. If these proposed
changes go into effect I will lose my ability to make a living. 10:1 will actually cause a run on closing
accounts, and force the currency trading house to close. This could potentially force a run on the funds.
There are clear options to open trading account in the UK where I could pick up where the US is forcing
me to leave. I don't disagree with anything in the proposal with the exception of the margin
requirements. NFA has already set rules on margin, why the change? Check the congressional record.
Why are futures protected from bankruptcy, and currency is not? The potential loss on a futures trade is
infinity, max loss on a currency trade is what's in your account. These do not make any sense. Please
stop the proposed change before you shut down an entire industry, and force it to operate abroad.
Thank you for listening.
Rae Jean Reck
