Comment for Proposed Rule 75 FR 3281
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From:
Tim Casey
Organization(s):
Comment No:
2877
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02877
From:
Sent:
To:
Subject:
[email protected] on behalf of
Tim Casey
Friday, January 22, 2010 5:06 PM
secretary
Regulation of Retail Forex
Regulation of Retail Forex
[email protected]
RIN 3038-AC61
I am opposed to your proposed leverage change.
I believe I should have the right to choose the amount of leverage that is appropriate for my risk
appetite,
and that this basic principle of'choice' is being threatened by the proposed CFTC regulations.
The CFTC has recently raised the leverage requirements and I have chosen to accept and maintain my
account.
If the CFTC leverage requirement gets raised again I will move my account offshore to a firm with
leverage of my choice.
The forex market is one of the growing sectors.
If the CFTC raises the leverage rate beyond the current rate this action will reverse the US forex industry
growth.
Reducing the growth and size of the US forex industry will have a negative effect on all of us.
Please consider the negative consequences of your proposal.
Thank you
Tim Casey
