Comment Text:
i0-001
COMMENT
CL-05650
From:
Sent:
To:
Subject:
Ken Krekel
Monday, March 1, 2010 2:29 PM
secretary
RIN 3038-AC61
March 1, 2010
To whom it may concern:
Inregards to RIN 3038-AC61, there are several items with which Iconcur.
1. All Forex brokers and managers should be registered.
2. These managers and brokers should fall under the jurisdiction of the CFTC.
There is a second item with which I deem questionable, namely the increase of capitalization to brokerages.
I am fearful that this may stymie legitimate startup entrepreneurs.
There is one item that I sternly oppose. That is the change to maximum leverage of 10: h
I consider this intrusive and unnecessary. I applaud the Commission's intent on protecting the public.
However, I view this protection of a very few at the cost of freedom to many.
I support risk management as a most important tool in the Forex business.
I do not support regulatory risk management from outside forces.
I support business in the United States of America.
I fear that a change in this one simple rule of leverage will drive more business off our shores.
Respectfully,
Ken Krekel
1119 Rammers Ave.
Louisville, Ky. 40204-1911
[email protected]
502.637.6548
