Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Bob Harris
    Organization(s):

    Comment No: 8064
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08064
    From:
    Sent:
    To:
    Cc:
    Subject:
    [email protected]
    Tuesday, March 16, 2010 9:44 PM
    secretary
    [email protected]
    Objection to Proposed 10:1 Leverage for Forex
    Secretary,
    I am writing in opposition to the proposed 10:1 leverage change in the retail forex currency exchange. This
    proposal will most certainly send thousands of traders out of country to unregulated situations that put
    them further at risk. The recent change to 100:1 I think was prudent and will certainly help in curtailing speculative
    trading. Please do not lower the leverage any further. Small traders like me cannot afford the high margin
    requirements and trading provides an essential income to our family. Please don't make it impossible for the "little
    guy" to benefit from trading foreign currency.
    Sincerely,
    Bob Harris
    Foreign Currency Trader and School Principal