Comment for Proposed Rule 75 FR 3281
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From:
John Trybus
Organization(s):
Comment No:
1111
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-OIIII
From:
Sent:
To:
Cc:
Subject:
John T
Wednesday, January 20, 2010
8:04 PM
secretary
la lorrie
Regulation of Retail Forex
CFTC:
Dear Sirs and Madams;
I strongly, very strongly, object to your raising the leverage
requirements for retail Forex trading accounts.
I am a retail trader in the FOREX market, and have long since
accepted the risk involved as a trade-off for the potential rewards.
If you raise the leverage requirement to 10:1, you will effectively
destroy my ability to trade Forex, and you will have a material
affect (negative) on my financial life and freedom.
I have not asked you, or anyone else, to protect me from risk. If you
take away my choices in risk-taking, you take away everything,
including my freedom.
Please stop making it anymore impossible to trade the Forex.
You have done more than enough damage by the rules already instituted
(no hedging, and the previous ruling on higher margin requirements).
John Trybus, American citizen, Florida resident.
