Comment for Proposed Rule 75 FR 3281
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From:
John W Brazer
Organization(s):
Comment No:
3125
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03125
From:
Sent:
To:
Subject:
[email protected]
Saturday, January 23, 2010 2:49 AM
secretary
regulation of retail forex
Dear Sir:
I find the proposed reduction of allowable leverage to 10:1 to be a truly regressive move which will deprive the small retail
trader of the potential economic salvation of this financial instrument. It will drive the forex business offshore and deprive us of
the freedom to choose our level of risk. It assumes that we are not capable of making intelligent choices and smacks of
regulatory arrogance. As one of the "little guys" who looked upon the forex as a potential path to financial freedom, I strongly
urge you to not pursue this severe intervention. Sincerely, John W Brazer
