Comment Text:
i0-001
COMMENT
CL-02639
From:
Sent:
To:
Subject:
Matthew R. Whitney
Friday, January 22, 2010 11:12 AM
secretary
'Regulation of Retail Forex
With regards to RIN 3038-AC61 proposing the increased margin requirements for traders:
I believe this proposed regulation would have a disparate impact upon small private traders who do not
have the capital to survive under such requirements. Such a measure may have a place in restricting
the VAR of large banks who, through government policy decisions, are no longer subject to the risk of
failure, but it severely limits competition in the market by squeezing out the smaller traders who are still
faced with the proposition that if they do not manage their risk responsibly they will fail.
If the problem stems from big banks taking on too much risk then limit the risk that big banks may take
on. I am not a big bank and I pose no risk to the taxpayer. This measure rewards the big bank trader
by limiting access to the market while at the same time punishing the little guy who does not enjoy the
luxury of federal reserve intervention.
HOUSATONIC
RAILROAD CONP,~_NV
OFFICE OF CORPORATE COUNSEL
P,O,BOX 687
OLD LYMF~ CONNECTICUT 06371
P~ 860~434~4303 F~ 860~434~4301
When the people fear their government, there is tyranny;
when the government fears the people, there is liberty.
-Thomas Jefferson
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