Comment for Proposed Rule 75 FR 3281
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From:
Diana G
Organization(s):
Comment No:
2263
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02263
From:
Sent:
To:
Subject:
DIANA G
Thursday, January 21, 2010 8:59 PM
secreta ry < secreta ry@ C FTC. g ov >
RIN 3038-AC61 OPPOSITION
Dear Mr/Mrs Secretary
I strongly oppose the reduction of trading leverage from 100:1 to 10:1. I find it extreme and
believe it will force money out of the country and in turn depleat the US markets. As a currency
trader I will do everything possible to continue trading at 100:1 even if it means moving funds
offshore or even relocating to Europe where I am originally from. Maybe 50:1 to match the Futures
market would be more feasible but 10:1 I think is absolutely ridiculous and do not see the logic in.
I do not think it will lower risk but it will push investments offshore and limit the ability of local
money to appropriately and competitively invest. I think the lesson in leverage has been learned
and 100:1 is very reasonable, as the inability to invest will not be prevented by reducing leverage
to such extremes, it might handicap the entire field.
I hope that common sense prevails and our current leverage parameters are maintained at 100:1.
Please accept this letter as my vehement opposition to RIN 3038-AC61.
I
look forward to you
supporting this position.
Sincerely,
Diana G
