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Comment for Proposed Rule 75 FR 3281

  • From: Robert Bundy
    Organization(s):

    Comment No: 3793
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03793
    From:
    Sent:
    To:
    Subject:
    Stawick, David
    Monday, January 25, 2010 2:07 PM
    secretary
    FW: RIN 3038 AC61
    From:
    Robert Bundy [mailto:[email protected]]
    Sent:
    Monday, January 25, 2010 2:01 PM
    To: Stawick, David
    Subject: RIN 3038_AC61
    Although I agree with some regulation of financial markets, the proposal to limit
    Leverage to 10/1 is ridicutous. This wi[[ make it atmost impossibte for smart
    traders tike mysetf to continue trading without huge amounts of capitat which we
    do not have. 100/1 or possibty 50/1 is a far more reatistic target.
    Regards, Robert Bundy.