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Comment for Proposed Rule 75 FR 3281

  • From: Rose Pettett
    Organization(s):

    Comment No: 7238
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07238
    From:
    Sent:
    To:
    Cc:
    Subject:
    Rose Pettett
    Saturday, March 13, 2010 9:25 AM
    secretary
    [email protected]
    REGULATION OF RETAIL FOREX
    Dear Sir/Madam,
    I would like add my humble self to the thousands of traders around the world who are anxiously
    astonished at the probabilty of your intention to reduce the leverage of Forex Trading.
    For I feel a most terrible disappointment, a deep sadness and utter
    desperation that you, CFTC would consider destroying an on-going
    incredible system of Forex trading that has proven itself so successful
    and cherished as such.
    To reduce leverage is iconoclastic because it would destroy the very foundations of Forex Trading as
    we know today.
    Wherefore are your reasons for such a insensitive move?
    Inglorious and unjustifiable.
    You are a Commission, I am only one,You hold the final vote -- so I plead for myself and my fellow
    traders:
    PLEASE use your wisdom and see that by reducing leverage you will annihilate not only the Forex
    Market but the majority of us who have so far contributed to its healthy existence.
    Thank you for listening and most of all, thank you for NOT voting to reduce leverage.Thank you for
    allowing the continuance of a good thing.
    Yours sincerely,
    Rose Pettett