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Comment for Proposed Rule 75 FR 3281

  • From: Kent McDaniel
    Organization(s):

    Comment No: 8775
    Date: 3/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08775
    From:
    Sent:
    To:
    Subject:
    Kent McDaniel
    Sunday, March 21, 2010 6:26 PM
    secretary
    Regulation of retail forex
    To who it my concern I trade the mini forex market with $500 account I have all ready made a small profif. I feel that
    100:1 leverage should stay the same as my margin is sufficient to cover any losses and I am able to set stops to control my
    losses. Trading is my dream but if regulation Rin 3038-AC61 is imposed I will not have the capital to trade.I do not at this
    time trade any more than one lot so I don't over leverage myself. Please do not change it to 10:1 as I feel that it would have
    a negative affect on U.S traders. Thank You And again al0:l leverage would knock me out of the game.