Comment Text:
i0-001
COMMENT
CL-01146
From:
Sent:
To:
Subject:
Avery Horton
Wednesday, January 20, 2010 9:16 PM
secretary
proposed regulatory restrictions would affect a maj or currency pair
An example of how the proposed regulatory restrictions would affect a maj or currency pair appears
below:
Maximum Leverage under Current Regulations
USD/CHF
100:1 leverage (one percent)
1 lot (100,000)
Margin requirement: $1,000
Maximum Leverage under Proposed CFTC Changes
USD/CHF
10:1 leverage (10 percent)
1 lot (100,000)
Margin requirement: $10,000
I stand behind the belief that I should be given the freedom and right to choose the amount of leverage
that is appropriate for my individual desired risk, and that this basic principle of 'choice' is in jeopardy
by the proposed CFTC regulations.
Where in the U.S. CONSTITUTION does it say the CFTC can make rules or regulations.
Where do you people come from?
Avery T. Horton, Jr. aka TheRumpledOne
