Comment Text:
i0-001
COMMENT
CL-02886
From:
Sent:
To:
Subject:
Steve Risher
Friday, January 22, 2010 5:26 PM
secretary
"Regulation of Retail Forex"
P~,: RIN 3038-AC61
TO WHOM IT MAY CONCERN:
I wish to register my strong disagreement with the proposed change to the maximum permissible
leverage available to retail investors, said change being proposed to be 10:1 leverage. As a small,
individual FOREX investor, this change would severely inhibit my ability to trade in the Forex market.
More to the point, as an investor, I neither want nor do I need the Government, or any part of the
Government to play nursemaid or try to "protect me from myself'. As it turns out, I am fully cognizant
of my capabilities, my abilities and my limitations. I do not take risk lightly and consequently practice
risk management appropriate for my level of expertise and my financial situation. The latter of those
("my financial situation") is just that .......... MY situation, which the CTFC is not privy to, will NOT
be privy to; therefore, to impose restrictions that impact on my ability to invest, constitutes an
unwelcome and unjustifiable intrusion into my personal affairs. Personally, I'm not entirely convinced
of the Constitutionality of some of what the CTFC is attempting to do.
I can see no possible justification for this change, IF the people (individual investors) are the actual
intended beneficiaries of said change.
If not, then you have no business even proposing it!
Steven Risher
1684 Bridgebrook Lane
Conway, SC 29527
