Comment for Proposed Rule 75 FR 3281
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From:
Jay B Crowther
Organization(s):
Comment No:
2366
Date:
1/21/2010
Comment Text:
i0-001
COIMMENT
CL-02366
From:
Sent:
To:
Subject:
Jay Crowther
Thursday, January 21, 2010 11:43 PM
secretary
Regulation of Retail Forex
I am strongly opposed to the proposed leverage restrictions in RIN 3038-AC61. Personally I trade with low leverage,
but on occasion it is necessary to increase leverage in order to properly control a position and exit at an advantaged
point. To have a close ceiling requirement would make good money management difficult. The threat of having my
positions closed before I am ready to close them would be very disruptive. I think that the law of unintended
consequences would come to play. Money would leave the accounts in the United States and seek a more favorable
platform.
Jay B Crowther
Salem, Utah
801-423-2279
