Comment Text:
i0-001
COMMENT
CL-03389
From:
Sent:
To:
Subject:
Dave B
Saturday, January 23, 2010 8:03 PM
secretary
Regulation of Retail Forex
ID # RIN 3038-AC61
The proposal to reduce the maximum leverage limit from 100:1
down to 10:1 is definitely NOT welcome news to small
investors like myself. The increased margin requirement
will force me out of Forex trading altogether, as it will
for many small investors. If your goal is to destroy the
small investor, then this proposed regulation will most
certainly succeed in that goal.
This is just one more example of government agencies
sticking their noses into things that should be left to free
market conditions. But what else would I expect, given the
present administration? Not that my voice will be heard,
but that's my honest assessment of this over-zealous and
disastrous proposal in regulation.
David D Burleson
Midland TX
[email protected]
