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Comment for Proposed Rule 75 FR 3281

  • From: Wayne Johnson
    Organization(s):
    Execu Tech Systems Inc

    Comment No: 1682
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01682
    From:
    Sent:
    To:
    Subject:
    Wayne Johnson
    Thursday, January 21, 2010 10:01 AM
    secretary
    Forex Leverage - Regulation of Retail Forex
    Dear Secretary,
    I strongly urge the U.S. Commodity Futures Trading Commission to reject the proposed change in Forex
    leverage to 10:1, identified as RIN 3038-AC61.
    I understand the risk of higher leverage and believe the retail Forex trader should have the freedom to
    trade with whatever leverage he/she sees as appropriate for their account, as long as the risks are
    carefully spelled out by the broker, which they are.
    Our freedoms are disappearing at an alarming rate lately, particularly for the "small guy", and this is
    just another example.
    Please reconsider this proposal.
    Wayne Johnson
    CEO
    Execu/Tech Systems, Inc.
    535 Harrison Avenue
    Panama City, Florida USA 32401
    www.execu-tech.com
    850.747.0581
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