Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Vance C Whitworth
    Organization(s):

    Comment No: 8054
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08054
    From:
    Sent:
    To:
    Subject:
    Vance C Whitworth
    Tuesday, March 16, 2010 9:08 PM
    secretary
    RE: Leverage
    Hello my name is Vance Whitworth,
    I have been a currency trader for about two years now, trading my own personal funds at a leverage of
    100:1. I will be 60 years old in April, and have been out of a job for two years now, primarily due to my
    over experience as a Systems Engineer in the Aroespace Industry and my current age, which no
    company seems to want me. So I studied currency trading for about 1-1/2 trading using a demo account
    before I invested into a real live account.
    My currency trading has been a blessing to me, while I am not getting rich, it however does provide a
    source of relief financially and it keeps me from becoming a thief and begger, and user of our currently
    over taxed aid systems.
    So please I ask of you don't take the 100:1 leverage away from us, or else I may not, as well as many
    others independant traders, will not be able to trade using a higher risk, of 10:1 leverage that you are
    proposing.
    Thank you for considering us little people.
    Sincerely
    Vance Whitworth