Comment Text:
i0-001
COMMENT
CL-01050
From:
Sent:
To:
Subject:
Tory Klavuhn
Wednesday, January 20, 2010 4:56 PM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
This email is in regard to the proposal to change retail forex leverage requirements. I am strongly
opposed to this regulation. The change will dramatically limit the ability of many retail traders to
fund and trade currency. The choice of leverage rates should be up to the individual trader. The
United States was founded on freedom and personal responsibility. Increasing leverage
requirements will deny access to the foreign exchange markets to everyone except for wealthy
individuals. It is understandable that with the financial meltdown due in part to the use of excessive
leverage that many industries would like to seek to self regulate. The major difference is that the
companies on the brink of collapse affected the entire U.S. and world economies. Changing leverage
requirements for retail clients will not serve to limit the risk of the economy at large. I strongly urge
you to stand up for personal responsibility and freedom of choice. Maintain the current leverage
requirements for all retail forex traders.
Identification Number: RIN 3038-AC61
Sincerely,
Tory Klavuhn
