Comment for Proposed Rule 75 FR 3281
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From:
Aaron M Gale
Organization(s):
Comment No:
1025
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01025
From:
Sent:
To:
Subject:
Aaron M. Gale
Wednesday, January 20, 2010 4:28 PM
secretary
10-1 Legerage Proposal
Dear CFTC.
This proposal to lower leverage once again will only kill markets and make trading impossible in
forex markets. There is simply not enough volatility in forex markets to make trading possible. I
have been a participant in the markets for years and this over regulation will not "fix" anything.
Those that want to abuse and manipulate ANY market will do so regardless the rules.
I understood, and could see some benefit, of the lower leverage instituted in 2009. Over regulation
and government involvement in forex markets will prove to be nothing short of killing a market.
I OPPOSE THE
10-1
PROPOSED LEVERAGE REQUIREMENT AND ASK YOU TO TAKE MORE TIME TO
STUDY THE ISSUE AND LEARN THAT QUICKLY IMPLEMENTING NEW RULES WILL NOT PROVE
EFFECTIVE.
Regards,
Aaron Gale
2062 S Parkview Dr
Mapleton UT 84664
