Comment for Proposed Rule 75 FR 3281
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From:
Bruce Niss
Organization(s):
Comment No:
644
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00644
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 2:24 PM
secretary
Regulation of retail Forex
Dear Mr. Stawick:
I strongly object to the proposal to limit retail forex trading to 10:1 leverage.
I run several commercial "robots" for forex trading, and that proposed regulation will essentially
put me out of business. I have to have at least 100:1 leverage to make it worth my while,
considering all the time I have to invest in learning the business and running the robots.
It's the responsibility of every robot trader like me to thoroughly test robots on demo accounts
first, and then to run them live on micro accounts to limit our losses, anyone who doesn't know
enough to do this deseerves to go out of business.
I strongly object to the continuing efforts to create a cradle-to-grave "Nanny State" by the US
Government.
sincerely,
Bruce Niss
15036 NE Siskiyou Ct.
Portland, OR 97230
[email protected]
