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Comment for Proposed Rule 75 FR 3281

  • From: Josh Kenney
    Organization(s):

    Comment No: 4763
    Date: 2/1/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04763
    From:
    Sent:
    To:
    Subject:
    Josh Kenney
    Monday, February 1, 2010 9:37 PM
    secretary
    Regulation of Retail Forex
    ATTN: RIN 3038-AC61
    Dear Sir or Madam,
    Please reconsider your proposted change to forex leverage. This would have the effect of increasing risk rather
    than reducing it. Margin controls are a better idea, not leverage controls. And if you still want some, please be
    reasonable. A negative tenfold change? That's an extreme change. I implore you to reconsider.
    Thank you,
    J