Comment Text:
i0-001
COMMENT
CL-07817
From:
Sent:
To:
Subject:
Robert Hill
Tuesday, March 16, 2010 11:46 AM
secretary
Regulation of Retail Forex
To Whom it May Concern:
In reference to RIN 3038-AC61, if you follow through with your intentions of reducing the allowable
leverage on a forex account to 10:1, It would prohibit me from trading. I have a modest acccount, and
rely on the profits I get from it to compliment my income. The margin requirements for even the
smallest of trades would be larger than my account. Taking into account smart money management
practices, I would have to have an account in the $100,000+ range even to start. There is no way I could
any longer trade. I need to withdraw regularly from my account for expenses, and could not afford to let
my account get that large.
There are 1,000s of small traders like me who rely on this form of living.
Please reconsider your actions.
Thank You
Robert Hill
Robert H Hill
c/o The Hill Agency, Inc.
5 Washington Ave
Endicott, NY 13760
