Comment Text:
i0-001
COMMENT
CL-07343
From:
Sent:
To:
Cc:
Subject:
[email protected]
Saturday, March 13, 2010 1:43 PM
secretary
cftcfeedback@fxdd, com
Reduction in Leverage in Futures Trading
This really makes no sense. For 10-1 leverage, it is not worth the risk to invest in futures. The reward just is not
there at 10-1 maximum leverage. It rules out hundreds of thousands of competent traders who may be making
a living investing their own money and succeeding with higher leverage .... Let them decide how much money
they want to risk and how much leverage they decide to use with their own money. Futures trading will just
move offshore, so really the CFTC has not club to hit traders over the head with, because they will dump the
CFTC; moving to another exchange that provides the leverage and services they demand for risking their own
money.
Is America still a free country? It seems to be losing this status by the day .... I know that pressure is being put
on you by the administration. An administration that has a new idea to present every week, that impedes the
freedom of the American people. Most of the ideas never go beyond the idea stage, the category where this
senseless idea belongs.
Sincerely,
Peter Green
