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Comment for Proposed Rule 75 FR 3281

  • From: Paul LaRochelle
    Organization(s):

    Comment No: 1340
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01340
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Wednesday, January 20, 2010 11:02 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear Mr. David Stawick,
    I stand behind the belief that each trader should be given the freedom and right to choose the amount of leverage that is
    appropriate for his/her individual desired risk, and that this basic principle of 'choice' is in jeopardy by the proposed CFTC
    regulations which would limit leverage to 10:1. Anyone engaging in this level of trading ought to have undergone at least
    basic training processes. Each one is then responsible for his own choices. Encouraging adequate training and personal
    responsibility while leaving the leverage level as it is... This is the direction I would like to see.
    Regards
    Paul LaRochelle
    Sent on the TELUS Mobility network with BlackBerry