Comment for Proposed Rule 75 FR 3281
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From:
Hans Geyer
Organization(s):
Comment No:
2849
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02849
From:
Sent:
To:
Subject:
Hans Geyer
Friday, January 22, 2010 4:27 PM
secretary
Regulation of Retail Forex
Dear Secretary Stawick -
I am writing with regard to proposal RIN 3038-AC61. I understand that the CFTC is considering a
material reduction to the amount of permissible leverage in Forex transactions. I believe that this
regulation is completely unnecessary.
I believe that the risks involved with Forex (and with the leverage thereto) should be - and presently are
- fully disclosed. Furthermore, leveraged Forex should be reserved for sophisticated investors, such as
is the case with Level II and Level III options trading. That being said, I participate in leveraged Forex
trading with open eyes and do not need the CFTC to regulate the amount of risk that I wish to take.
I urge you to scrap this proposal. Thank you for your consideration.
Very Truly Yours,
Hans Geyer
2036 Central Avenue
Wilmette, IL 60091
847.920.9150
