Comment for Proposed Rule 75 FR 3281
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From:
John Swicegood
Organization(s):
Comment No:
2107
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02107
FFOUI:
Sent:
To:
Subject:
John Swicegood
Thursday, January 21, 2010 7:08 PM
secretary
Regulation of Retail Forex
Foreign Exchange margin trading did not get us into any mess, and it never will. I speak for many when
I say that efforts to avoid another credit crunch are best focused on illiquid asset classes such as CDSs
and mortgage-backed securities.
Please do not decrease the Max leverage guidelines for retail forex trading. Otherwise everyone will
simply open up offshore accounts and the associated fees will simply move to non-U.S, companies.
Thanks, and good luck,
John Swicegood
