Comment Text:
i0-001
COMMENT
CL-06348
From:
Sent:
To:
Subject:
Sid Siegel
Saturday, March 6, 2010 12:48 AM
secretary
Retail Forex regulations
Honorable Secretary,
I am strongly opposed to the considered regulations to markedly revise the retail forex leverage rules as described
in RIN 3038-AC61.
I am a retail forex trader and would find it hard to exercise my privilege to perform small lot size trading with the
restricted leverage formulas. Adequate information is given to traders like myself to consider the risks of trading
and proceed with adequate caution. I feel it would be a harsh punishment to those of us who exercise our privilege
to trade is this space responsibly by restricting our ability to do so in an attempt to protect others who choose to
trade less responsibly.
I could describe in too many words that this flies in the face of our governing principles as a nation to allow people
the right to try, fail, learn in failing and proceed again in a smarter fashion. But I won't.
Please do not alter the trading environment that we enjoy today.
Respectfully,
Sid Siegel
