Comment Text:
io-ooi
COMMENT
CL-06986
From:
Sent:
To:
Cc:
Subject:
John C Kreger
Friday, March 12, 2010 8:26 PM
secretary
[email protected]
Regulation of Retail FOREX
Gentlemen:
Concerning Reference ID #RIN 3038-AC61
We are EXTREMELY OPPOSED to your consideration of an extreme reduction of
margin levels for retail forex trading (from 100:1 to 10:1).
Especially, it would seem to be directed AGAINST the "little guy" who has
learned how to trade in this market effectively.
What are you proposing for the "big guys" - those big time traders whose
work leads to needing taxpayer bailout to under~vrite their obscene
bonuses because they are "too big to fail"?
Please trash this dumb idea of some bureaucrat that has no idea what this
market is really about.
In sum, I cannot think of any worse idea to come out of the federal city
or how to duly reflect how AGAINST the idea one can be.
A successful Forex Trader
John Kreger
225 Madison St
Brighton, MI 48116
(810)225-9487
