Comment Text:
i0-001
COMMENT
CL-00990
From:
Sent:
To:
Subject:
mrothenberg@wellsmanufacturing, com
Wednesday, January 20, 2010 2:00 PM
secretary
Fw: Regulation of Retail Forex
Please note I am resending this here with my full address which wasn't
included in the first email, but I understand is necessary for you to
consider my comments. Particularly I want to emphasize my disagreement
with the 10:1 leverage restriction.
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
3411 Waukegan Rd
McHenry, IL 60050
