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Comment for Proposed Rule 75 FR 3281

  • From: J C Shoemaker
    Organization(s):

    Comment No: 5812
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05812
    From:
    Sent:
    To:
    Subject:
    J Shoemaker
    Wednesday, March 3, 2010 9:27 PM
    secretary
    New Regulation
    Hi,
    I would like to state that I DO NOT want to see the leverage change you are considering from 100:1 to 10:1. The significant
    increase in margin required will certainly remove thousands upon thousands of speculative traders, who are a very necessary
    part of the free market system.
    An old truth, "If it aint broke don't fix it", should apply.
    Thank you for your time!
    Regards,
    JC Shoemaker