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Richard Cloud Comment On Regulatory Notice 24-13

Disclosure of risks of day trading should be enough. The $25K limit during volatile mark-to-market accounting causing my $25K risk trading account to occasionally hit the minimum equity call even though I never trade outside the cash available in my trading account. The margin portion of my account is needed for trading more complex option strategies which limit my exposure. This rule negatively affects those who can least afford it (ie. a small account operated with limited exposure).