Comment for Proposed Rule 75 FR 3281
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From:
Sheila S Iverson
Organization(s):
Comment No:
8689
Date:
3/20/2010
Comment Text:
i0-001
COMMENT
CL-08689
From:
Sent:
To:
Subject:
sheila iverson
Saturday, March 20, 2010 12:23 PM
secretary
Regulation of Retail Forex
Dear CFTC Secretary David Stawick:
I want to clearly and strongly urge you to maiantain the FOREX leverage at100:1 with margin requirement at
$1,000 so that working class people like myself can continue to trade on the FOREX.
A change to 10:1 leverage would require a margin requirement of $10,000 that would have such a negative,
detrimental effect on my ability, and millions of Americans like myself, to enjoy the trading on the FOREX. A change
to 10:1 leverage with a margin requirement of $10,000 would favor only the institutional investors and wealthy
individuals. Please don't kick out the average investor from trading on the largest exchange in the world.
You may contact me at my email or number below so that we may discuss this issue further.
Kind regards,
Sheila S. Iverson, Esq.
301-779-1121
