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Comment for Proposed Rule 75 FR 3281

  • From: Mark Hewitt
    Organization(s):

    Comment No: 243
    Date: 1/17/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00243
    From:
    Sent:
    To:
    Subject:
    mr. mark. hewitt@gmail, com
    Sunday, January 17, 2010 10:56 AM
    secretary
    Public Comment Form
    Below is the result of your feedback form. It was submitted by
    ([email protected]) on Sunday, January 17, 2010 at 10:55:32
    commenter_subject: 10:1 Leverage
    commenter_comments: I feel this regulation (maximum 10:1 leverage on
    retail trading accounts) is unnecessarily limiting
    on small retail traders. It would require us to put
    down a far larger amount of capital in order to
    make a living, capital we may not have.
    Instead of trying to regulate people all the time,
    why not leave people to make their own decisions?
    If somebody wants to trade 500:1, so what? Over
    regulation by government is what is perpetuating
    the growing problems in todays society.
    commenter name: Mark
    commenter withhold address on: ON