Comment Text:
i0-001
COMMENT
CL-06882
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Sent:
To:
Cc:
Subject:
[email protected]
Friday, March 12, 2010 7:07 PM
secretary
[email protected]
re: 10:1 leverage proposal
I believe the 10:1 leverage proposal is ridiculously low and unfair for the average retail trader. While a case can
be made for limiting the higher leverages such as 400:1 and even 200:1 but to bring the maximum down to 10:1
will be putting undo restraints on the small retail trader, some who count on making a living with the leverages as
they are. This proposal will do nothing but drive the retail trader out of U.S. brokerage companies and I don't think
any of us want that. Please reconsider limiting the leverage to 10:1 and consider 100:1 as a maximum.
Thanks,
Allen Bailey
