Comment Text:
i0-001
COMMENT
CL-05121
From:
Sent:
To:
Subject:
j novak@ sofllinkdev, com
Sunday, February 7, 2010 4:42 PM
secretary
Proposed change in
Leverage Rules
Dear Sir;
It has come to my attention that a proposal is being made to restrict or reduce the amount of leverage available to forex
traders in the currency market. I have been trading now for about seven years and see absolutely no reason for such a change.
If people cannot handle the risks involved in using leverage appropriately, they should not be trading to begin with. If you
examine the current state of our countries finances I think it is quite obvious that we need LESS involvement by the Feds
than more.
Leverage (as it stands today) allows the "little guy" to succeed in the trading business. Let's keep the Government out of
it. I'll say it one more time, we are not children who need a nanny watching over our every move. As long as the market is
fair to everyone, there is no collusion or misrepresentation, leave it alone.
Respectfully,
Judd Novak
