Comment Text:
lO-OOl
COMMENT
CL-06368
From:
Sent:
To:
Subject:
J.D. Perry
Saturday, March 6, 2010 8:31 AM
secretary
RIN 3038-AC61
Forex trading leverage did not cause the markets to collapse. This is a regulatory change for the sake of change only. If the
rule is instituted, I will trade my fund outside the U.S. and have already opened accounts to do so. Leverage will not stop only
where (geographic location) it is instituted.
Additionally, lowering the leverage will drive control of the markets into institutional hands and give foreign institutions more
opportunity to control the markets. The U.S. must realize we are losing economic preeminence and much of that has to do
with currencies. We need to make the U.S. the most advantageous clearinghouse country and this absolutely goes in the
wrong direction.
J.D. Perry
Manager, The Troika I Fund
President, JP Global Capital Management
Baton Rouge, LA
