Comment Text:
i0-001
COMMENT
CL-00481
From:
Sent:
To:
Subject:
Randy Martin
Tuesday, January 19, 2010 11:04 AM
secretary
'Regulation of Retail Forex
Regarding RIN 3038-AC61: Specifically leverage limits
Reducing increasing margin requirement is completely unnecessary. Traders are well aware of the risks of high leverage.
Brokers give plenty of advisory information about trading with high leverage.
Your proposal will serve to only drive the small trader out of business, send huge amounts of capital out of the country as
traders move their accounts to foreign brokers, and needlessly destroy the US forex retail business.
Your purpose as a regulator is to ensure the retail investor has access to all the information they need to make wise
decisions. Your purpose is not to protect us from stupid decisions. I have the information I need to make wise decisions. I
don't need the CFTC to manage my trading decisions.
You need to stop this leverage change proposal. It is unwanted and unneeded!!
Randy Martin
319 Windy Hollow Dr
Chattanooga, TN 37421
Tel: 423-280-2549
[email protected]
