Comment for Proposed Rule 75 FR 3281
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From:
Ron Nelson
Organization(s):
Comment No:
1149
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01149
From:
Sent:
To:
Subject:
Ron Nelson
Wednesday, January 20, 2010 9:17 PM
secretary
Regulation of Retail Forex
I am writing with regard to 'Regulation of Retail Forex' ( RIN 3038-AC61).
The proposal to limit leveraged trading to 10:1 would, quite honestly, not have any
direct effect on my trading because I do not trade at higher leverages. However, I
stongly object to the proposal to REQUIRE that I trade at leverages no higher than
that. As a trader, I want to determine FOR MYSELF what is or is not an appropriate
level of risk.
Government certainly has a role to play in the FOREX market but I encourage you to
spend your energies toward protecting me from unscrupulous brokers and banking
practices rather than towards limiting my freedom to trade as I wish.
Ron Nelson
Rio Rancho, NM
"Lose your dreams and you might lose your mind." -- Mick Jagger
