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Comment for Proposed Rule 75 FR 3281

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  • From: Morgan Emmanuel
    Organization(s):

    Comment No: 3149
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03149
    From:
    Sent:
    To:
    Subject:
    morgan
    Saturday, January 23, 2010 6:22 AM
    secretary
    Regulation of Retail Forex
    Dear Sir/Ma,
    With reference to the subject above, am writing to make known my reservation.
    I do not support the proposed regulation to set a maximum leverage for US retail forex to 10:1
    Quoting a member of forex peace army,"I I love risk management. I can take or make the worst trading
    decisions in the world and only lose money at an incredibly slow pace. Risk management is a good
    thing, but this is ridiculous." I can't agree less with this point of view. Moreso, this amount to denying
    me right to make my own informed trading decision.
    Summarily, I am unequivocally stating and registering my rejection of this proposed regulation.
    Yours Sincerely,
    Morgan Emmanuel.