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Comment for Proposed Rule 75 FR 3281

  • From: Olivia Leyton
    Organization(s):

    Comment No: 6078
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06078
    From:
    Sent:
    To:
    Subject:
    xoleyton@aol .com
    Friday, March 5, 2010 9:55 AM
    secretary
    re: proposed leverage change
    Regarding the proposed leverage change to 10:1 for retail traders, every trader i know will simply dump their U.S. account, and go to
    a foreign broker, #1. #2, the problem with small traders losing a lot of money and complaining about it, blaming the broker, etc, these
    people are uninformed, inexperienced traders WHO DID NOT TAKE THE TIME TO LEARN TRADING AND RISK MANAGEMENT.
    PERIOD. You should not penalize all of us, and the U.S. regulated brokers, too, because a bunch of dumb traders who don't know
    what they're doing, and treating trading like it's gambling, if this passes, i'm switching to the foreign brokers, or an unregulated U.S.
    broker, pronto, i suppose you are going to do what you're gonna do, inspite of these facts....but i hope you don't, thankyou, Olivia
    Leyton