Comment Text:
i0-001
COMMENT
CL-06173
From:
Sent:
To:
Subject:
DEORGINS COUSINS
Friday, March 5, 2010 11:34 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex - RIN 3038-AC61.
David Stawick, Secretary
Commodity Futures Trading Commission (CFTC)
1155 21st Street, N.W.,
Washington, DC 20581
RE: Proposed 10:1 Leverage Limitation in the USA Forex Market
Dear Secretary:
If it is the intent of CFTC to :
1. Limit the US Forex Market to only billionaires;
2. Cripple the US Forex Market with another handicap like the current 100:1 leverage limitation;
3. Stifle the American way of opportunities by limiting the avenues to the pursuit of happiness; and
4. Discourage foreign investment that stimulates economic growth and sustainability.
Then the proposed 10:1 Leverage Limitation in the USA Forex Market is a great idea.
But if the CFTC intention is to :
1. Keep Main Street investors in the US Forex Market, which makes the US currency market one of
the top investment vehicles;
2. Maintain Capitalism as the greatest ever vehicle for economic growth, sustainability, and
prosperity;
3. Reasonably open the US Forex Market to increase the volume of Main Street investors that
desire an opportunity at the pursuit of happiness; and,
4. Encourage foreign investment as a pragmatic approach to demonstrating that the American Way
is the way to political freedom.
Then the proposed 10:1 Leverage Limitation in the USA Forex Market is an absolute destruction to
such productive intentions.
The problem is NOT the degree or magnitude of Leverage. The problem is the system of discipline
that defines and measures what roles Accountability and Responsibility plays in the macro-
economic i nfrastructu re.
Sincere Regards,
Burgeoning Trader
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