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Comment for Proposed Rule 75 FR 3281

  • 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]