Comment Text:
i0-001
COMMENT
CL-01015
From:
Sent:
To:
Subject:
Nondisclosure007
Wednesday, January 20, 2010 3:35 PM
secretary
Regulation of Retail Forex
Dear Sir/Madaam,
The new rules that are being proposed will hurt the "little guy" trying to get a foot into the Forex trading arena.
I would hope that the CFTC's goal would be to 'enable' more people to trade in this fascinating market. Quite
frankly, I think leverage is the only thing that has kept those of us 'little' guys in the market. W/out it, we would
trade bonds or stocks or other commodities.
Please re-consider this rule change and leave the leverage spots alone. If it is your belief that the leverage is too
high for the reason that people are losing, then education is the answer. Proper education would go a greater
distance to helping the problem; less leverage just discourages people from getting involved in Forex.
Thank You.
-Michael
RIN 3038-AC61
