Comment for Proposed Rule 75 FR 3281
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From:
Shane Thompson
Organization(s):
Comment No:
1567
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01567
From:
Sent:
To:
Subject:
Shane
Thursday, January 21, 2010 5:57 AM
secretary
'Regulation of Retail Forex' RIN 3038-AC61
Dear Sir, Madam,
As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be
subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for
all Forex traders in the U.S. (RIN 3038-AC61 )
I stand behind the belief that I should be given the freedom and right to choose the amount of leverage
that is appropriate for my individual desired risk, and that this basic principle of 'choice' is in jeopardy
by the proposed CFTC regulations.
All this will do is make me close my account and move it to Europe, where I can enjoy more freedom of
choice.
regards
Shane Thompson
