Comment for Proposed Rule 75 FR 3281
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From:
John Trybus
Organization(s):
Comment No:
1121
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01121
From:
Sent:
To:
Subject:
John T
Wednesday, January 20, 2010 8:41 PM
secretary
Fwd: Regulation of Retail Forex RIN 3038-AC61
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, and believer in
the personal freedom to make mistakes and accept risk
