Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Blake Goetz
Organization(s):
Comment No:
2385
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02385
From:
Sent:
To:
Subject:
Blake Goetz
Friday, January 22, 2010 12:10 AM
secretary
Regulation of Retail Forex
To the Director of CFTC,
I am opposed to your proposed rule change reducing retail leverage from 100:1 to 10:1 in the
Forex market. As a private part time trader for the past six years I have been pleased with
most of the rule changes to protect consumers (including the hedging rule) but not this one. If
this rule change becomes permanent I will have no choice but to leave my US based broker
(MB Trading) and take my account to a country that allows 100:1 leverage. I will also contact
my representatives in both the House and the Senate and let them know that your office has
overstepped its bounds by imposing a rule that does not protect consumers, it kills them and
the US brokers we support.
Please reconsider this silly proposal.
Sincerely,
Blake Goetz
Palm Springs CA
760.318.2431
