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Comment for Proposed Rule 75 FR 3281

  • From: Gail Young
    Organization(s):

    Comment No: 7660
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07660
    From:
    Sent:
    To:
    Cc:
    Subject:
    [email protected]
    Monday, March 15, 2010 4:23 PM
    secretary
    cftcfeedback@fxdd, com
    please note
    I'm writing this email to voice my opposition to the proposed regulation that would limit leveraging in retail Forex
    customer accounts to 10:1. I appreciate the increased risks that leverage can have on some investors; but, I
    don't believe its the federal government's role to decide for its citizens what level of investment risk is
    appropriate. Rather, I think its the federal government's responsibility to ensure that the risks are clearly
    communicated and understood. Doing more than this is a breach of government authority and will simply drive
    investors to offshore accounts.
    Sincerely Gail Young