Comment for Proposed Rule 75 FR 3281
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From:
James Cooper
Organization(s):
Comment No:
833
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00833
From:
Sent:
To:
Subject:
James Cooper
Tuesday, January 19, 2010 8:43 PM
secretary
RIN 3038-AC61
We STRONGLY disagree with the CFTC proposal, leverage restriction across the board to 10 to 1
|everage.i says: "I am not opposed to regulation nor regulatory agencies. But that regulation needs to be
fair,
transparent, and open to public input.
Otherwise it becomes corrupt and self-serving Sure high
leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
with their investment decisions. Guide, don't dominate - government was invented to protect people and
their property, not to limit their potential."
