Comment Text:
i0-001
COMMENT
CL-01039
From:
Sent:
To:
Subject:
Mark Graunke <[email protected]>
Wednesday, January 20, 2010 4:43 PM
secretary
Regulation of Retail Forex - identification number R1N 3038-AC61
To Whom It May Concern,
The U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is
seeking public comment on proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail forex customer accounts would be
subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for
all Forex traders in the U.S. versus the 100:1 leverage that is now in place.
Please note for the record that
I am strongly opposed
to this lO-to-1 limitation! It would make it
virtually impossible for me and thousands of others to be able to trade in the Forex market. The Forex
market is one of the few places left in America where "the little guy" still has a chance to make money
without having to invest a large chunk of capital from the very beginning.
Please leave the 100:1 leverage in place so I can continue to trade the Forex market
Thank you,
Mark Graunke
