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Comment for Proposed Rule 75 FR 3281

  • From: Joel E Wilson
    Organization(s):

    Comment No: 7823
    Date: 3/16/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-07823
    From:
    Sent:
    To:
    Subject:
    Joel E. Wilson
    Tuesday, March 16, 2010 11:38 AM
    secretary
    Re: New Forex leverage limitations
    I'd like to add my name to the growing list of people opposed to the proposed leverage restrictions.
    Increasing the leverage requirements in the name of "protecting the consumer" really just limits my
    investment options as a new forex trader. I think that all of us understand that it is risky, but we aren't
    asking to be protected. We're asking government to stay out of our affairs so that we can choose the
    risks that we take. Please do not make the leverage requirements more restrictive as it will make it so
    that only established investors, traders and the large institutions will be able to participate in this market.
    -Joel E. Wilson
    Brooklyn Center, MN 55430