Comment Text:
i0-001
COMMENT
CL-04595
From:
Sent:
To:
Subject:
Santigi Kamso
Saturday, January 30, 2010 l:51 PM
secretary
Regulation of Retail Forex
RIN 3038-AC6 l is a bad idea. Amending leverage in the futures markets would have disastrous
consequences at this premature stage of economic recovery. What will this do to the general liquidity?
What will happen when investors choose to take their monies overseas instead? I am a democratic voter
but I believe that this is government over-regulation at its very worst. Though I know that the
overwhelming public outcry and expert decries won't be heeded by this runaway locomotive, I can only
hope that the Republican constituents in Congress will block this distasteful measure will all their might.
Furthermore, all private speculators (however small) in the futures market such as myself would be
adversely affected. 100-1 leverage has infinite value as a trading tool for me. 10-1 is simply not even
worth the bother. Why should we also be punished for what a few bad apples and fat cats did? I still
believe in a America where knowledge and hard work can get you somewhere. Don't try to take that
away from us.
