Comment Text:
i0-001
COMMENT
CL-08350
From:
Sent:
To:
Subject:
[email protected] on behalf of
David Leihgeber
Wednesday, March 17, 2010 9:52 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
Dear Mr. Stawick:
I am strongly opposed to the above-referenced proposed regulatory measure, particularly the reduction
of leverage to a 10:1 basis. It was wrong to change the rules on hedging, but this is a much worse
decision. Why is the Nanny State being imposed on US citizens from every direction by over zealous
regulators? Are we not capable of making our own rational decisions anymore?
The simple fact is, I will move my trading account overseas to the UK if necessary to avoid this
nonsense. Others will do so in mass numbers, thereby hurting US brokers and employment here at
home.
This is so uneccessary in order to provide basic consumer protections for traders. 100:1 is a reasonable
cap, but 10:1 makes no sense whatsoever.
Sincerely,
David Leihgeber
