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Comment for Proposed Rule 75 FR 3281

  • From: Khalique Shera
    Organization(s):

    Comment No: 4632
    Date: 1/31/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04632
    From:
    Sent:
    To:
    Subject:
    KHALIQUE SHERA
    Sunday, January 31, 2010 12:29 AM
    secretary
    RE: RIN 3038-AC61 Stop sending the jobs and money out of USA
    We STRONGLY disagree with the CFTC proposal, leverage restriction across the board to 10 to 1
    |everage.i says: "I am not opposed to regulation nor regulatory agencies. But that regulation needs to be
    fair, transparent, and open to public input.
    Otherwise it becomes corrupt and self-serving Sure high
    leverage can get you into trouble if used thoughtlessly. Sure hedging when not done properly turns one
    loss into two. But I believe the cure is EDUCATION, not restricting what people can and cannot do
    with their investment decisions. Guide, don't dominate - government was invented to protect people and
    their property, not to limit their potential.
    Kind Regards
    K Shera