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Comment for Proposed Rule 75 FR 3281

  • From: Bert Levitt
    Organization(s):

    Comment No: 8832
    Date: 3/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08832
    From:
    Sent:
    To:
    Subject:
    BERT LEVI-I-I-
    Monday, March 22, 2010 7:04 AM
    secretary
    new rules
    Dear Secretary,
    I trade currency for a living and certainly don't need to be protected by a government regulator relative to leverage
    I employ. Your proposal will put me out of business. I think unemployment is high enough with out your adding to
    it. As a watchdog organization your efforts would be better spent protecting retail accounts from broker fraud. Why
    not force brokers to put customer funds in segregated accounts like the regulated exchanges do? Then the risk
    would be based on the trader's skill more and on the brokers integrity less.
    I know the political environment is to regulate because the cow (current financial crisis) is out of the barn. Currency
    valuations had nothing to do with this or any other bubble I know of. In short; don't screw with my livelihood in any
    way other than making the playing field level.
    Bert Levitt
    630 Ridgewood Ave.NW
    Gainesville,GA 30501-3138
    770-532-7775