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:
Ronald D Harris
Organization(s):
Comment No:
2899
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02899
From:
Sent:
To:
Subject:
Ron Harris
Friday,
January 22, 2010 5:42 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
To Whom it may concern:
It has just been brought to my attention that the CFTC is considering
a plan that would set the maximum leverage for US retail forex at
10:1. I understand this is only under consideration at this time and
that it is under consideration with the best of intentions - to limit
foolish risk-taking, but at some point an individual's foolishness is
a personal matter and not something government needs to baby sit.
Such regulation will only hurt those of us who are reasonable risk
managers - it will do serious harn~ to the potential we currently enjoy
for a return on our efforts - and will not deter those who are
determined to take foolish risks.
Please listen to the people for once and leave forex leverage alone.
Respectfully,
Ronald D. Harris
