Comment for Proposed Rule 75 FR 3281
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From:
Wayne Fisher
Organization(s):
Comment No:
2981
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02981
From:
Sent:
To:
Subject:
[email protected]
Friday, January 22, 2010 7:29 PM
secretary
Poposed leverage changes
I would like to let you know that I am opposed to the rule changes lowering the leverage limits to 10:1. Although
you may wish to protect consumers these regulations will force people to transfer their funds to other countries
with less regulation. Investing is risky. All of the laws on the books and the smartest minds working for the
mutual fund companies did not keep me from losing half of my portfolio value in 2008. Greater restriction will not
keep people from losing money. Hedge funds have greater restrictions than mutual funds but even the best and
brightest hedge fund managers lost money there as well. Please allow the independent forex trader to manage
their own account at the 100:1 levels.
Wayne Fisher
