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Comment for Proposed Rule 75 FR 3281

  • From: David R Donovan
    Organization(s):

    Comment No: 8219
    Date: 3/17/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-08219
    From:
    Sent:
    To:
    Subject:
    David R Donovan
    Wednesday, March 17, 2010 3:26 PM
    secretary
    Regulation of Retail Forex
    Sir:
    This is to object to imposition of a 10:1 cap on leverage in forex trading. This proposed change implies a
    correlation with gambling and the need to protect people, grown adults, from themselves. Forex traders
    are informed investors utilizing trading in foreign exchange as an alternate form of investment.
    Please do not approve yet another instance of government intrusion into the lives of what are supposed
    to a free people. This country has grown largely because of risk takers who did not need the assistance
    or burden of government and excessive regulation.
    Yours sincerely,
    David Donovan