Comment Text:
i0-001
COMMENT
CL-00260
From:
Sent:
To:
Subject:
Ron Bartlett
Sunday, January 17, 2010 5:32 PM
secretary
against the proposed CFTC regulation that would implement a limit of 10:1 leverage on retail 4X trades
D January 17, 2010
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Mr. David
StawickD D D
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Roiluld A. Bartlett
Secretary, Colnmodity Fu~m-es Tradillg
ColnmissionD
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D D 6058 Robert
Dr
1155 21st StreetNWDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD Brook Park, Oh. 44142
Wustffngto~, DC 20581D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D D D D D D DD D D []
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Mr.
Stawick:
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The recently proposed CFTC regulation tbut would implement a lilult of 10:1 leverage on retail 4X trades is both an outrage and a travesty. It will vii~ue lly destroy the retail 4X trade in the US and ore US
Brokers, aloi~g with the jobs they provide.
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Ruther than findii~g and prosecuting illegal and immoral people in the 4X trade, you ii~stead go after the vei
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people they abuse
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the retail traders
. Tbut's like takillg people off the streets because they might be
hu~ by bad people, wtffle leaving the bad people to fieely roam the streets. Who then is fiee, and whom are you holdii~g captive?
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Also, telling people they will be protected by tiffs ruling will ouly lead many into a new ~dlse sei~se of security. Thereby leaving them open to other illegal and despicable schemes. In the end you ouly htn-t the
people you purport to seI~ce wtffle u~efly l:diling the vital Iulssion of finding and prosecutiI~g crimii~uls.
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Do not implement tiffs honibly ~ulsgaided and clearly desh~ctive regulation. Prosecute the crimfi~uls, not the traders.
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Regards,
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Roiluld Ba~lett
