Comment Text:
i0-001
COMMENT
CL-08210
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Sent:
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Subject:
Colin Malaker
Wednesday, March 17, 2010 2:27 PM
secretary
10:1 cap
This type of regulation is worthless. Traders in the U.S. wanting to trade with higher margins will
simply change their accounts to ones based in the UK. So, it is designer on the look of it only. It does
nothing. Why waste time, effort, paper and most of all ... tax dollars.
Just like the income tax, for every regulation there are a dozen loopholes.
Forget doing this .....it does nothing
