Comment Text:
i0-001
COMMENT
CL-04531
From:
Sent:
To:
Subject:
carlton
Thursday, January 28, 2010 11:19 PM
secretary
Constitutional issue: margin requirements for retail Forex
Government cannot use legislation and rules to protect everyone from everything.
That is not the function of regulatory agencies or Congress. Retail traders are given
extensive warnings against overleveraging their accounts at all times, and assistance in
implementing this.
Also, margins are available at less than 100:1 but higher than proposed 10: 1, and can
be used safely.
Current margin requirements are adequate.
Lowering margin to 10:1 will shut out many thousands of small investors who must
start with small accounts.
rowellcf@verizon, net
Carlton Rowell
(727) 322-3954
