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Comment for Proposed Rule 75 FR 3281

  • From: Michael Horniak
    Organization(s):

    Comment No: 922
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00922
    From:
    Sent:
    To:
    Subject:
    Michael
    Wednesday, January 20, 2010 6:26 AM
    secretary
    Proposed maximum leverage change for Forex
    To: CFTC
    Please do not reduce the leverage requirement to 10:1. Doing so would eliminate the opportunity and incentive
    for a small investor.
    Regulation should limit the extremes of risk taking for any market e.g. 400:1. Any other risk levels in between
    should be left to the determination of the investor.
    Once again, please do not push out the small investor with a 10:1 maximum leverage.
    Best Regards,
    Michael Horniak