Comment Text:
i0-001
COMMENT
CL-07053
From:
Sent:
To:
Cc:
Subject:
P. Mt. Shasta
Friday, March 12, 2010 10:00 PM
secretary
[email protected]
Regulation of Retail Forex
Dear CFTC,
I am a Forex trader and I strongly object to the proposed reduction of margins in RIN 3038-AC61. It states in the
United States Constitution that no government body shall impose any restrictions on the individual's right to form
contracts (business agreements with other private firms). This proposal is also, I believe, in violation of Universal
Commercial Code, interfering with the individual's right to make mutually beneficial financial agreements. Since
both parties are consenting, and fully informed of the risks, there should be no imposition of external
governmental meddling.
Sincerely yours,
Peter Mt. Shasta
