Comment Text:
i0-001
COMMENT
CL-02337
From:
Sent:
To:
Subject:
david leger
Thursday, January 21, 2010 10:50 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
To whom it may concern,
I am writing in response to the recent proposal regarding changing the forex leverage from
100:1 to 10:1. Let it be known that I am strongly opposed to this ludacrist proposal. If the goal of
this proposal is to limit liability and fraud issues, then I cannot help but feel ashamed and
embarrassed for those responsible. Risking so many negative (and even life altering) outcomes
over issues that can be resolved with more effective legal contracts and other preventative
measures sounds like nothing more than an easy way of dealing with fear of liability.
Those behind this proposal should ask themselves: Are we prepared to force so many to quit
trading the forex because thier profits are too low? Even if thier financial security and retirement
plans depend on it? Would we risk having so many brokerage firms go out of business and be
forced to lay-off employees during an already troubled economic time?
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