Comment Text:
i0-001
COMMENT
CL-00075
From:
Sent:
To:
Subject:
Larry Mason
Friday, January 15, 2010 11:45 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I am opposed to your regualtion of 10:1 leverage as it strikes at the very core of the free market in
forcing the investors hand in coercing them on how to invest as well as lower leverage will not achieve
its purpose in curbing excessive risk taking by investors. If the investor is an excessive risk taker. 10:1
leverage will not stop him. Since a much larger account will be needed than a $2,500 account you may
see this risk taker taking unneccesary loans, mortgages, etc, to fund a $25,000 accont which will then be
lost. As a man thinks in his heart so is he. They will find a way. Also this penalizes other investors who
do not take excessive risk and trade with proper risk management. All in all it is no business of the
government what the consumer does with his/her money.
