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Comment for Proposed Rule 75 FR 3281

  • From: Robert Bundy
    Organization(s):

    Comment No: 3924
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03924
    From:
    Sent:
    To:
    Subject:
    Smith, Thomas J.
    Monday, January 25, 2010 9:34 PM
    secretary
    FW: RIN 3038-AC61
    I am forwarding this to the Office of the Secretariat since I am not certain that it was submitted for the official
    comment file. Please acknowledge receipt of this email. Thanks.
    From:
    Robert Bundy [mailto:[email protected]]
    Sent:
    Monday, January 25, 2010 2:02 PM
    To: Smith, Thomas J.
    Subject: RIN 3038-AC61
    Although I agree with some regulation of financial markets, the proposal to limit
    Leverage to 10/1 is ridiculous. This wi[[ make it almost impossible for small
    traders like myself to continue trading without huge amounts of capita[ which we
    do not have. 100/1 or possibly 50/1 is a far more realistic target.
    Regards, Robert Bundy.