Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Douglas Settles
    Organization(s):

    Comment No: 469
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00469
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Tuesday, January 19, 2010 10:45 AM
    secretary
    Regulation of retail forex--RIN 3038-AC61
    The proposed regulation cutting the leverage down to 10-1 from the current 100-1 is about as idiotic as the
    current health care bill, stimulus spending, etc. etc. Protecting the 'masses' from themselves is a basic mistake
    taken by the current trend of the 'progressive' party in the U.S. today. This mistake is being loudly corrected in
    MA with the Senate elections today and the defeat of the Democratic party. DO NOT make the same mistake.
    Let free market and capitalism work. Keep the regs the way they are and enforce what's already on the books,
    not make more intrusion into all our lives.
    Douglas Settles
    P.O. Box 7126
    Woodland Park, CO 80863
    719-686-1243