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Comment for Proposed Rule 75 FR 3281

  • From: Gene Jones
    Organization(s):

    Comment No: 1816
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01816
    From:
    Sent:
    To:
    Subject:
    Gene Jones
    Thursday, January 21, 2010 12:42 PM
    secreta ry < secretary@ C FTC. g ov >
    5772-10
    This is to inform you that I strongly oppose the proposed margin changes (to 10:1)
    in 5772-10. Iam currently able to manage my risk in the forex market. Frankly, the amount
    of risk I'm willing to assume is my personal business and does not require government
    oversight. It is my opinion that changing the margin requirement as you propose will
    actually result in many investors increasing their risk as they will have to increase their
    account to cover the new margins. It will be very damaging to my own investment strategies.
    Therefore, I respectfully request that drop this change.
    Sincerely,
    Gene Jones
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