Comment Text:
i0-001
COMMENT
CL-00515
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 12:37 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Tuesday, January 19, 2010 at 12:36:47
commenter_subj ect: Proposed CFTC Regulation of Retail Forex
commenter_frdate: January 7, 2010
commenter_frpage: 5 RIN3038-AC61
commenter_comments: The restriction of leverage to 10:1 for retail
customers is ludicrous. The leverage requirements
have already been reduced from 200:1 to 100:1. The
only result will be that inidviudal txaders will
move their accounts overseas, which totally defeats
the purpose of flae proposed legislation. The
goverrmaent is not, nor should it be, responsible
for protecting people from themselves. Every
legitimate forex broker clearly publishes the
potential risks involved in the marketplace. The
goverrmaent has no business in setting flae leverage
rules - this should be done by flae market and
brokers. Trying to limit access to the forex market
-
the largest market in the world - will make the
unintended consequences of outlawing alcohol under
the 21 st Amendment to the Constitution and
subsequent crime syndicates it fostered, look like
child's play.
Leave the leverage rules
alone.
commenter_name: Barbara Christoph
commenter withhold address on: ON
commenter_addressl 17674 Glass Ridge P1
commenter_city: Gainesville
commenter state: VA
commenter_zip: 20155
commenter fax: 703-743-5368
commenter~ohone: 571-277-9686i0-001
COMMENT
CL-00515
