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Comment for Proposed Rule 75 FR 3281

  • From: Tracy Hamann
    Organization(s):

    Comment No: 8551
    Date: 3/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08551
    From:
    Sent:
    To:
    Subject:
    Tracy Harnann
    Thursday, March 18, 2010 9:02 PM
    secretary
    Regulation of retail forex
    To whom it may concern,
    Please note any extreme concern regarding the proposed change of margin per RIN 3038-AC61, which would increase
    margin for one unit from $1,000. to $10,000. I have traded retail forex for 8 years and have always managed to limit any loss
    with use of stop loss orders. This proposed restrictive change would force many out of business or to move accounts to other
    countries where there is no benefit of cftc oversight. Please don't force more of our business overseas.
    Sincerely,
    Tracy Hamann