Comment Text:
i0-001
COMMENT
CL-01120
From:
Sent:
To:
Subject:
Henry Clark
Wednesday, January 20, 2010 8:37 PM
secretary
Regulation of Retail Forex
January 20, 2010
Henry Clark
7350 S. Tamiami Trail, Unit 33
Sarasota, Florida 34231
Secretary of the Commission
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street NW
Washington, DC 20581
Dear Sirs,
It has come to our attention that you are requesting input on some changes your organization is
considering. While there may be many changes, the one that seriously affects us is the change in the
margin/leverage requirement. Currently 100 to 1, you are considering changing this to 10 to 1.
I have been out of work for over ten months and have invested many hours into learning the ins and
outs of Forex trading. Where a $5,000.00 account is enough to feed and shelter us, your changes
would require $50,000.00 account balance.
I do not have the funds and this change would cause serious problems for us.
Please do not make this change.
Henry Clark
Henry
