Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Don Wertz
    Organization(s):

    Comment No: 7850
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07850
    From:
    Sent:
    To:
    Subject:
    Don Wertz
    Tuesday, March 16, 2010 12:25 PM
    secretary
    Regulation of Retail Forex RIN 3038-AC61.
    RIN 3038-AC61
    I strongly oppose the odious changes the CFTC intends to make, regarding the pending 10:1
    leverage
    requirement for Forex traders. It is damaging, with the only result being that foreign currency
    traders
    NOT regulated by the CFTC will have an extreme advantage over U.S. traders. I can
    determine
    the appropriate amount of leverage I need for my trading, I am not a child and do not wish to
    be
    treated like one. I am wondering if anyone on your staff is actually a trader, or just a political
    appointee, wishing to change someone elses life. I STRONGLY oppose this measure.
    Don Wertz