Comment Text:
i0-001
COMMENT
CL-02899
From:
Sent:
To:
Subject:
Ron Harris
Friday,
January 22, 2010 5:42 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
To Whom it may concern:
It has just been brought to my attention that the CFTC is considering
a plan that would set the maximum leverage for US retail forex at
10:1. I understand this is only under consideration at this time and
that it is under consideration with the best of intentions - to limit
foolish risk-taking, but at some point an individual's foolishness is
a personal matter and not something government needs to baby sit.
Such regulation will only hurt those of us who are reasonable risk
managers - it will do serious harn~ to the potential we currently enjoy
for a return on our efforts - and will not deter those who are
determined to take foolish risks.
Please listen to the people for once and leave forex leverage alone.
Respectfully,
Ronald D. Harris
