Comment Text:
i0-001
COMMENT
CL-01082
From:
Sent:
To:
Subject:
Joseph Mundy
Wednesday, January 20, 2010 6:08 PM
secretary
Regulation of Retail Forex
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Secretary Stawick,
I'm writing you today, in staunch opposition of proposed regulations concerning retail Forex
trading. I'm aware that part of the proposed regulation includes leverage in retail forex customer
accounts, being subject to a 10-to-1 limitation, which means 10:1 leverage would be the maximum
amount allowed for all Forex traders in the U.S. I view this proposed limitation as wrong,
government over stepping it's role, and as a direct usurping of my rights, as a free market trader
and a US Citizen. I believe I, and all retail Forex traders should be given (Retain) the freedom and
the right, to choose the amount of leverage that is appropriate for our individual desired risk, and
that this basic principle of 'Choice' is in jeopardy by the proposed CFTC regulations. Mr. Secretary,
the time has come, for government to carefully back it's way out of private citizens lives, business,
livlihoods, liberty and our pursuit of happiness. I sincerely hope you will consider my request, to
not pursue, what is plainly over regulation and a direct denial of our rights, the main one being,
"The Right To Fail".
Sincerely,
Joseph Mundy
RIN 3038-AC61
