Comment Text:
i0-001
COMMENT
CL-08380
From:
Sent:
To:
Cc:
Subject:
Sean McAleavy
Thursday, March 18, 2010 12:03 AM
secretary
[email protected]
Regulation of Retail Forex ~RIN 3038-AC61
Dear David Stawick,
I am writing in regards to RIN 3038-AC61. I absolutely disagree with any proposal to lower the leverage on
accounts to 10:1 (from the already reduced 100:1).
Investors know and should be responsible enough to do their own due diligence on the benefits and risks of, for
example, having 100:1 leverage. If people are not responsible using 100:1 leverage, they are not going to be
responsible with 10:1 leverage. We cannot look after every person who makes the choice to be irresponsible and in
the process restrict the freedoms of the majority of people who do take responsibility. Thank you for your time and
consideration.
Regards,
Sean McAleavy
