Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Mary J Rothenberg
    Organization(s):

    Comment No: 984
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00984
    From:
    Sent:
    To:
    Subject:
    mrothenberg@wellsmanufacturing, com
    Wednesday, January 20, 2010 1:21 PM
    secretary
    Regulation of Retail Forex
    Hello -
    I'm contacting you regarding the rules affecting retail traders - reference
    RIN 3038-AC61.
    Unfortunately this action will impede and negatively impact those of us who
    as investors and traders trade intelligently with leverage, and also seek
    to become intelligent decision makers about our own finances. It removes
    information and knowledge from the mainstream, and to go about finding it
    will be more difficult and costly. It also inhibits our ability to reap
    the benefits of years of study. Leverage of 50:1 is not excessive, but
    10:1
    puts success into the hands of the already wealthy - by design? I
    hope not. Please do NOT hide knowledge from the consumer, or inhibit the
    dissemination of it by the experts, or remove our ability to become as
    prosperous as our hard work enables us to! We want a country of educated
    people, not ignorant masses, and this works contrary to that aim.
    Thank you.
    Mary J Rothenberg
    McHenry, IL