Comment Text:
i0-001
COMMENT
CL-04714
From:
Sent:
To:
Subject:
Attach:
[email protected]
Monday, February 1, 2010 9:59 AM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name Eric
last name Sneed
address1 2329 19th Street
city Moline
country United States
us state IL
zip 61265
company
To Whom It May Concern:
I believe that it is the government's responsibility to protect the interests of its people,
however I feel, alongside so many others, that this proposal takes it a step too far. I believe
that a 10:1 limit proposed in RIN 3038-AC61 on leverage serves absolutely no purpose.
Investing is a risk based market whether its stock, options, or forex, the investor is aware of
the risks, and if he/she loses some or all of their capital, then it is their responsibility. Retail
forex disclaimers frequently state that only riskable capital should be used and traded with.
Please do not pass this proposal.
Sincerely,
Eric Sneed
