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Comment for Proposed Rule 75 FR 3281

  • From: Mark W Griffin
    Organization(s):

    Comment No: 1551
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01551
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Thursday, January 21, 2010 5:02 AM
    secretary
    Regulation of Retail Forex
    Dear CFTC,
    I am writing in response to the proposed 10:1 leverage proposal being considered for US Forex markets,
    reference RIN3038-AC61.
    I am completely against this proposal, and I am sure most (if not all) other individual traders are also opposed
    to this. This is an assault on personal freedom of choice and the free market. I am against such policies which
    ostensibly are to "to protect us", but actually pave and lead us down the road to a socialist/Nazi managed
    economy.
    I highly suspect that this is deliberately orchestrated so as to push money back towards Wall Street where the
    discredited, scandalous "experts" can further plunder Americas remaining wealth.
    With the recent devastating change to 100:1 leverage, I am sure that many traders have moved their trading
    accounts overseas, and they will remain there. Forcing Americans to move their money out of the country is a
    very bad thing to do.
    I strongly urge you to withdraw the 10:1 leverage proposal as it hurts Americans.
    Kind Regards,
    Dr. Mark W. Griffin