Comment Text:
i0-001
COMMENT
CL-08291
From:
Sent:
To:
Subject:
LINDA REYNOLDS
Wednesday, March 17, 2010 8:24 PM
secretary
10 to 1 leverage
Dear Sir,
I have been a small trader for over 2 years with a small mini account of $ 2,500. I only trade 1 lot at a time and my
margin runs around $100. If you make these changes my margin will run around a $1,000 which is around 50%
of my total capital. This is insane.
Has your agency done a cost benefit analysis to make sure your new rules do more harm than good.
My broker plus many others already supply account transfers to the UK.
Your actions on this will destroy the US market and put a lot more people out of work.
Sincerely
Richard S Reynolds
Fairview, Oregon
503-666-5120
