Comment Text:
i0-001
COMMENT
CL-07235
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Subject:
Gary Ulrich
Saturday, March 13, 2010 9:21 AM
secretary
Proposed Leverage Rule Change
The proposed change to limit leverage to 10:1 is a a stupid idea! As with everything, it is up to the
trader to control their leverage and, if they wanted a 10:1 leverage they could trade that way. This is one
more example of the government moving toward a "Nanny State". This ruling will help no one and, in
the end, this only hurts successful traders.., unsuccessful traders will lose their money no matter what
the leverage is.
If you really want to help traders then you should do more regulation of pricing and spreads in the
market. This is where traders lose money as unscrupulous brokers will manipulate spreads and prices to
cheat traders.
Gary Ulrich
