Comment for Proposed Rule 75 FR 3281
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From:
John Sayen
Organization(s):
Comment No:
1159
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01159
From:
Sent:
To:
Subject:
John Sayen
Wednesday, January 20, 2010 9:20 PM
secretary
Regulation of Retail Forex
Dear Sir
This is
to comment on
the proposed
"Regulation of Retail Forex" RIN 3038-AC61. I am very much opposed to this
proposed regulation. I believe that traders should be allowed the freedom and right to choose the amount of leverage that is
appropriate for their desired risks. This attempt at limiting their will only reduce the freedom of action of traders will less
capital. Protecting people from themselves is not only impossible but inappropriate for a regulatory agency such as the CFTC.
It is better to confine efforts to preventing or punishing fraud.
Thank you for your attention to this matter.
Respectfully,
John Sayen
