Comment for Proposed Rule 75 FR 3281
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From:
Gregory Weisbruch
Organization(s):
Comment No:
2003
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02003
From:
Sent:
To:
Subject:
Gregory Weisbruch
Thursday, January 21, 2010 5:12 PM
secreta ry < secreta ry@ C FTC. g ov >
Retail Forex Regulation
Dear Secretary,
Some mininal regulation of the forex trading industry may be helpful but
PLEASE DO NOT decrease leverage to 10:1!!!!
With high commissions and the very small unleveraged movements of currencies, there would no
longer be any profit in the process of trading and a mass exodus from the industry will surely
follow.
You're not supposed to DESTROY retail forex !
The traditional margin is 100:1 to 200:1.
Leave that alone.
I don't want Big Government (translated Democrats) interfering in my financial life and robbing me
of yet more of my freedoms.
Sincerely,
Gregory Weisbruch, MD
P.S. Looking forward to November.
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