Comment for Proposed Rule 75 FR 3281
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From:
Neil J Coisman
Organization(s):
Comment No:
789
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00789
From:
Sent:
To:
Subject:
Neil J. Coisman
Tuesday, January 19, 2010 6:35 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
Hello,
I wanted to let you know that I disagree with your proposal to limit leverage to 10 to 1. I feel I can manage my own
risk.
I am not opposed to regulation nor regulatory agencies. But that regulation needs to be fair, transparent, and
open to public input, otherwise it becomes corrupt and self-serving. High leverage can get you into trouble if
used thoughtlessly. Hedging when not done properly turns one loss into two. But I believe the cure is
EDUCATION, not restricting what people can and cannot do with their investment decisions. Guide, don't
dominate - government was invented to protect people and their property, not to limit their potential.
Why does government want to limit my freedoms? from a government that supposedly supports freedom of
speech, It somehow seems contradictory.
Please refrain from restricting my liberties.
Neil J. Coisman
