Comment Text:
i0-001
COMMENT
CL-03825
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Sent:
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Subject:
[email protected]
Monday, January 25, 2010 4:22 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Monday, January 25, 2010 at 16:22:00
commenter_subj ect: Regulation of Retail Forex
commenter_comments: The current proposal from the CFTC on the
regualation of retail forex that would raise
leverage from 100:1 to 10:1 should be rejected and
defeated! Such a proposal would devastate the small
retail investor like myself who properly manages
his account to avoid large draw downs in equity.
This proposal would result in many investors being
thrown out of the market all together and would see
others needlessly risking capital to meet these
ridicuclous requirements.
Brokers already limit the trade/point size that can
be opened based on an individual's account equity.
Traders of any size need to practice responsibility
and discipline on knowing how much to risk and be
educated on stop placement. But if they are not,
this is their issue to deal with-not the rest of
us! It is insulting and unnecessary to punish the
millions of other responsible traders who do
proactice good money management!
REJECT THIS PROPOSAL!
commenter_name: Brian Gosper
commenter withhold address on: ON
commenter addressl 64 Picabo St
commenter_city: Danielson
commenter state: CT
commenter_zip: 06239
commenter_phone: 860-933-8010i0-001
COMMENT
CL-03825
