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Comment for Proposed Rule 75 FR 3281

  • From: Louis Tomczak
    Organization(s):

    Comment No: 498
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00498
    From:
    Sent:
    To:
    Subject:
    Louis Tomczak
    Tuesday, January 19, 2010 11:37 AM
    secretary
    Regulation of Retail Forex
    To whom it may concern-
    I am writing to voice my dismay for the leverage requirement idea being tossed around. There is
    absolutely no reason for this amount of excessive regulation in the Forex market. I am a 20 year old
    college student investing for my future, and Foreign Exchange gives me opportunities that trading stocks
    does not; it is, nearly, entirely free market; I don't have to worry about institutional buying, volume, bad
    news, or anything else affecting my trades. I can simply trade using my knowledge and my own
    parameters, and forcing me to use a certain leverage would conflict with this.
    Please, do not do this.
    Sincerely,
    Louis Tomczak