Comment Text:
i0-001
COMMENT
CL-07789
From:
Sent:
To:
Cc:
Subject:
cris 1015 @verizon. net
Tuesday, March 16, 2010 11:25 AM
secretary
[email protected]
leverage limitation
Dear Mr. Secretary,
I strongly object to the proposed limitation on leverage. This proposal is really unwarranted and unnecessary.
There is nothing wrong with current and existing regulations. The
problem really lies on some traders which enters into some questionable trades with big positions hoping to cash in
big and quickly. When the market goes against them and
lose, they blame the system. This is gambling. And trading is not gambling. Trading is all about patience, discipline
and knowledge of fundamental and technical indicators.
The current regulations in place are not broken. Therefore we don't need to fix it.
Tks,
Cris
