Comment Text:
i0-001
COMMENT
CL-02173
From:
Sent:
To:
Subject:
Greg Davis
Thursday, January 21, 2010 7:44 PM
secretary
Regulation of Retail Forex
This is a comment on your "proposed" regulation (RIN 3038-AC61) that would limit 10:1 leverage to
all forex traders...
ARE YOU CRAZY? How in the world could you even come up with such an idea, especially in this
economy. The higher leverage gives all the
"littlle" guys-people that dont have $10,000 a chance to trade with "mini" accounts---from home for a
part time or full-time income...and sure enough, in swoops the Federal Government to try and tell us
what is best for us and control us...
This moronic regulation (RIN 3038-AC61) will drive all the American forex companies out of the
country ..... that should trouble you but I'm beginning to think this is exactly what this administration
wants to do!!!!!
Get out and leave it alone!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We alone have the RIGHT to choose the amount of leverage that is appropriate for our individual
desired risk!!!! We dont need a couple of you government "experts" to tell us. As it seems in this
administration, along with many other "freedoms" this freedom of choice is also in j eapordy.
If you try and enact this new law it will build up the ground-swell revolution that is building to sweep
all of you out of office.
Greg Davis
