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Comment for Proposed Rule 75 FR 3281

  • From: Karen Oldmixon
    Organization(s):

    Comment No: 7875
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07875
    From:
    Sent:
    To:
    Subject:
    Karen Oldmixon
    Tuesday, March 16, 2010 1:07 PM
    secretary
    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 Karen Oldmixon