Comment Text:
i0-001
COMMENT
CL-01096
From:
Sent:
To:
Subject:
Brenton Pend leton < bj [email protected] >
Wednesday, January 20, 2010 6:41 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom it concerns,
In regards to the Regulation of Retail forex changing the leverage from 10:1 is something I can't
believe the government would even consider. I have worked in the Industry for over 2 years and
already in the short amount of time I have worked here I have seen to many regulations on
leverage and other topics that have affected the trader and the person who is employed by the
retailers of Forex in the United States.
I don't believe the Government is considering the long term effects for such a regulation.
Traders who don't have much money will turn from trading and causing the retailers to lose funds
and they will have to lay off or hold on expanding there already troubled market. We are in a
horrible economy right now and this is not the way to make things any better for our country. You
need to think of the small traders that make up a lot of the market and already are aware of the
risks of trading in Forex, also the people who work for these retail forex businesses in the United
States. Please take this into consideration and do not continue with this outrageous regulation.
Thank you
Brent P.
