Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Michael Blair
    Organization(s):

    Comment No: 8713
    Date: 3/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08713
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Saturday, March 20, 2010 7:49 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear Mr. Secretary:
    I firmly oppose the 10:1 leverage limitations. An individual investor's ability to choose their own level of risk -- and
    accept the rewards and consequences thereof-- is such a basic element of freedom that it is disappointing to
    hear adults call it into question.
    Moreover, in understatement bordering on comedy, no one aware of financial news over the past few years would
    tout government interference as advantageous.
    In the name of fairness, please reject the 10:1 leverage limitations. And in the name of wisdom, please never
    raise the issue again.
    Thank you for your attention.
    Michael Blair