Comment for Proposed Rule 75 FR 3281
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From:
Thomas Baumgartner
Organization(s):
Comment No:
1199
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01199
From:
Sent:
To:
Subject:
Thomas Baumgartner
Wednesday, January 20, 2010 9:37 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Sir,
I am opposed to the proposal to limit forex leverage to 10:1 in the United States. As a part time trader that
primarily trades in mini lots, I am aware of the risks associated with trading and manage my account
accordingly. As an educated adult, I feel l can manage my own risk without unnecessary government
regulations. If this were to pass, it may lead U.S. traders to seek off shore accounts which may not be
reputable.
Please consider leaving the leverage requirements alone.
Thank you,
Tom Baumgartner
Maumelle, Arkansas
[email protected]
