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Comment for Proposed Rule 75 FR 3281

  • From: Kristen J Bickham
    Organization(s):
    Bickham & Bickham

    Comment No: 4621
    Date: 1/30/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04621
    From:
    Sent:
    To:
    Subject:
    Kristen Bickham
    Saturday, January 30, 2010 9:38 PM
    secretary
    Opposed to proposed regulations of retail traders
    Hi there,
    I'm writing to let you know I'm opposed to the proposed regulation to reduce margin to 10:1 from 100:1 for retail
    traders.
    This is an unjust and unconstitutional proposed regulation.
    I take full responsibility for my trading, and do not need a regulator to look out for me.
    Generally regulators protect the interests of those they purport to regulate, not the consumer.
    So, for once, do the public a favor whom you claim to protect: DO NOTHING and we will be fine without your
    "help."
    Maybe you will recall from your history classes the following slogans:
    Don't tread on me (American War for Independence)
    Live free or die (New Hampshire state motto)
    Death to all tyrants (Virginia state motto)
    Remember, this country once was free, thanks to the men who gave their lives for the sake of freedom. We now
    have a regulatory and tax regime that is more punitive and expensive than at any time in world history (not to
    mention ineffective; read: Bernie Madoff, Allen Stanford, unabated naked short selling in the stock market, etc.).
    So, we Americans are told we're free, and some of us believe it. But a lot of us don't anymore. If we were free,
    we would not have regulators thinking it is their right to take away the American citizen's constitutional right to life,
    liberty and the pursuit of happiness.
    I appeal to your sense of justice and right and wrong: JUST LEAVE US ALONE.
    Sincerely,
    Kristen J. Bickham
    Bickham & Bickham
    3990 Spring Valley Road
    Suite 328
    Dallas, TX 75244
    P: 214.405.5345
    F: 214.279.0096
    [email protected]