Comment Text:
i0-001
COMMENT
CL-06097
From:
Sent:
To:
Subject:
Stephen
Friday, March 5, 2010 10:08 AM
secretary
Leverage Change
Dear Secretary Stawick-
Changing the leverage down to 100 to 1 was bad enough. Changing the leverage to 10 to 1 is virtually
ruinous to the small investor and to foreign exchange companies. Of course, that may be your goal
since our government seems determined to take over all aspects of our lives and lively-hood.
The savvy traders will flee to Europe, Asia or Australia. US FOREX companies will go under. How it
will effect large companies that depend on FOREX as a monetary hedge or to large banks will probably
provide interesting unintended consequences.
Non of which will be good for our economy.
Please do not implement this rule.
Thank you.
Stephen Warriner
RIN 3038-AC61
