Comment for Proposed Rule 75 FR 3281
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From:
Daniel Hauch
Organization(s):
Comment No:
617
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00617
From:
Sent:
To:
Subject:
Daniel Hauch
Tuesday, January 19, 2010 1:47 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
I am opposed to changing the leverage requirements for the Fores exchange.
It seems all of the recent changes in the financial markets have been designate to make it difficult for an
investor with limited resources to be able to invest in any thing other than loser CD's which pay next to
nothing.
As a small investor I have been making returns of 10% to 15% on my investments in both stocks and
forex markets. New restrictions for leverage requirements only make it more difficult for the small time
investor to enter the markets. While I understand that you think you are protecting people, you must
understand that this still a free country and the individual must be responsible for themselves.
I perfectly understand what a 100:1 leverage can do. Give me the option to choose how I invest, don't
regulate me to death.
Daniel Hauch
