Comment Text:
i0-001
COMMENT
CL-05578
From:
Sent:
To:
Subject:
twilightsailer
Wednesday, February 24, 2010 3:28 PM
secretary
Regulation of Retail Forex
Regarding: RIN 3038-AC61
To all concerned,
I am writing to voice my STRENUOUS opposition to the proposed change in margin requirments, aka the 10:1
leverage proposal. This is a move in the wrong direction. We do not to have our freedom of choice limited by well-
intentioned regulators. The unintended consequences of this proposal, if adopted, will be to increase risk, send
money and jobs overseas, and prevent valuable lessons from being learned by traders. What we need is better
disclosure and education. What we don't need is heavy handed measures that hurt the small guy and limit his
choices, effectively shutting him out of the retail forex market. I urge you to reconsider this proposal which will do a
great deal of necessary harm, all in the name of doing good.
Regards,
Mark Whitaker
