Comment Text:
i0-001
COMMENT
CL-04793
From:
Sent:
To:
Subject:
Jonathon Jones
Tuesday, February 2, 2010 3:49 PM
secretary
Regulation of Retail Forex
Re:RIN 3038-AC61
Dear Sirs,
I believe that all traders should have the fight to choose the amount of leverage that is appropriate for
his/her risk appetite, and that this basic principle of 'choice' is being threatened by the proposed CFTC
regulations. Please don't change the current leverage to a 10-to-1 limitation. All traders should have the
fight to choose the amount of leverage that is appropriate for their risk appetite, regardless of being a
company or an individual investor. Free market and capitalism dictates that the investor chooses how
much leverage is appropriate for them, with the obvious responsibilities attached to the leverage the
investor chooses. Furthermore, if current amounts of leverage requirements were restricted to the
proposed levels, this would not only further stifle economic recovery, but also stifle future opportunities
for economic growth, for both investors and the free market.
I honestly believe that most investors are well educated and certainly know the risks involved with
leverage investing. Investors and the free market don't need "big brother constantly breathing down their
neck dictating to them what is best for them. The addage of teaching people, or in this case investors,
sound investing principles and then letting the educated investors govern themselves certainly applies.
Respectfully,
Jonathon Jones
