Comment Text:
i0-001
COMMENT
CL-07339
From:
Sent:
To:
Cc:
Subject:
Jay Hendon
Saturday, March 13, 2010 1:37 PM
secretary
[email protected]
Public comment opposing proposed regulation to limit Forex leverage
I oppose the proposed regulation to limit retail Forex customer accounts to a leverage of
10-to-1. America is (or was) the "land of opportunity" and opportunity is always
accompanied by risk.
Government intervention in markets has, over time, created more risk, not less, and the
only proper role of government in a free society in this context is to make sure that
individuals are informed of the risks inherent to any opportunity, not to shield them from
opportunity with more and more regulations and bureaucracy.
If this proposed regulation should be put into effect I will immediately transfer my Forex
accounts to foreign brokers. The real-world effect of this proposal will be to further limit
opportunity in America and actually increase risk.
Jay E. Hendon
17635 Deemar Way
Lake Oswego, Oregon 97035
Jhendon5@spamarrest. corn
