Comment Text:
i0-001
COMMENT
CL-00124
From:
Sent:
To:
Subject:
Gordon Rogers
Friday, January 15, 2010 8:39 PM
secretary
Regulation of Retail Forex
Hello:
I am writing to express my concern over one portion of the regulation being considered before your
organization. Specifically, the regulation being considered to reduce allowable leverage on retail forex accounts
to 10:1. As many brokerages currently allow leverage as high as 500:1, a reduction to 10:1 seems rather
draconian to the small investor who, as I do in these trying economic times, generates a replacement income
from retail forex. It seems a far better and more balanced approach would be to set maximum leverage to
200:1. This would eliminate the ridiculous 400:1 and 500:1 high risk accounts but still allow the small investor to
earn a reasonable living day trading.
I hope you will take this under advisement.
Gordon Rogers
Rocklin, CA
From uploaded file 124_BPACConsole.txt:
1/4/2010 3:55:29 PM... 23 change(s) to BPAC list.
1/4/2010 4:02:59 PM, True... 23 change(s) to BPAC list.
