Comment Text:
i0-001
COMMENT
CL-01084
From:
Sent:
To:
Subject:
Dave Floyd
Wednesday, January 20, 2010 6:12 PM
secretary
CFTC Proposed Leverage Changes
Dear Sir,
As usual, myopic and bureaucratic organizations come up with rules that simply make no sense.
Curious, what benefit does this rule serve? Is there anyone being harmed with the current margin
requirements other than stupid traders blowing up their accounts? Nanny state isa great way to
describe this ridiculous legislation.
Did you ever stop to think the the biz would just go overseas? Of course not, regulatory agencies
have no practical work experience they exist in the world of theory and ideology.
Bottom line, this proposal is ridiculous and has zero merit and would negatively impact my
business. Do the current rules in place have negative effects on business'? Ido not think so.
Get a clue and stop being influenced the by the futures exchanges.
Regards,
Dave Floyd
Head of FX Research & Trading
Aspen Trading Group
www.aspentrading.com
541.306.4149
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