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Comment for Proposed Rule 75 FR 3281

  • From: John Lemkins
    Organization(s):

    Comment No: 5444
    Date: 2/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05444
    From:
    Sent:
    To:
    Subject:
    John Lemkins
    Thursday, February 18, 2010 2:28 PM
    secretary
    Proposed CFTC Leverage Change
    I have invested and traded the markets since 1967. Each investor/trader/speculator has his/her seasons and
    reasons. My reasons for how much risk I choose to take at this point in my life are very well thought out and
    are different from the next person's risk tolerance. Just as there is strength in genetic diversity, there is the
    same strength in the diversity of each individual's risk profile as it relates to market liquidity. And liquidity is the
    markets' lifeblood. This proposed change is draconian, totalitarian, and simply bad for free markets. I urge you
    start managing the corruption, the misreporting, the callous regard for law, so rampant among the big players
    on Wall Street and stop micromanaging Mainstreet.