Comment Text:
i0-001
COMMENT
CL-00724
From:
Sent:
To:
Subject:
Micah Thompson
Tuesday, January 19, 2010 4:56 PM
secretary
Forex regulation
Dear David and CFTC,
I'm sure you will receive a number of email that rant and rave about your
considering the idea of mandating a leverage of 10:1.
I'm going to stop just short of that and say,
Please don't do this!
We don't need another "mommy and daddy" rule for us grown up traders.
Frankly, I've never wanted to imagine government of meddling
nonsense, but unfortunately that has been the case far too many times.
I suspect there's not a forex trader in the lot or on the commission who
would consider such idea wholeheartedly.
Most of us "paid" for our education and now that we have reached the
level where we can turn a consistent profit, we certainly do not need
more restrictive regulation. I trust you guys aren't having a bit too much
time on your hands? You're not going to save the foolish. They'll just find
another way to be foolish.
Please protect the free flow of capitalism and every right to that.
Personally I think better time would be spent making sure trader's
deposits are protected and fair open trade practices are in place. NOT
restrictions placed on the trading or traders themselves.
Please don't
do
this.
(RIN
3038-AC61) Thanks.i0-001
COMMENT
CL-00724
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