Comment Text:
i0-001
COMMENT
CL-04750
From:
Sent:
To:
Subject:
Keith Senior
Monday, February 1, 2010 5:57 PM
secretary
RIN 3038-AC61
Dear David A. Stawick,
I was and am in favor of President Obama's, to include Congress, decision to offer financial aid to the banking
industry in order that they remain liquid during these extremely difficult financial times. Without the governments
intervention we may have had a crash that could've surpassed those bleak times of the infamous 30's.
Unfortunately I am totally perplexed with your proposal of the 10:1 leverage regulation. This would be counter
intuitive to the above. Meaning, this regulation would totally abolish retail trading in the Forex Market. Thereby
eliminating a source of taxable income to the government that it could use to pay off some of the National debt.
I am a full time Forex trader. I can to some degree appreciate your need to impose a no hedging and FIFO
restriction to employ additional security. For the life of me, I can't see any benefit to the country or the trading
community for the 10:1 leverage regulation. I can only hope and pray that if there is an alternative reason why you
are considering this, that you strongly look towards another avenue.
Sincerely,
Keith J, Senior
