Comment Text:
i0-001
COMMENT
CL-01155
From:
Sent:
To:
Subject:
Muhammad Farhan
Wednesday, January 20, 2010 9:19 PM
secretary
CFTC's New Leverage Requirement
Dear CFTC
Getting straight to the point, setting the leverage to 1:10 would kill the source of income to some traders who
depend on the income to support their families. If CFTC really want to safeguard the interest of retail traders,
there are other ways to do it. Today we are living in a world of democracy where people have the rights to make
choices. CFTC need not safeguard the interest of retail traders, most traders who blow their forex accounts would
definitely not dabble into the forex business again. For myself, I am strongly against this move by CFTC. I cringed
when I first heard the news of the "future" leverage.
Forex Trader
Muhammad Farhan
