Comment Text:
i0-001
COMMENT
CL-01263
From:
Sent:
To:
Subject:
Garrett Boone
Wednesday, January 20, 2010 10:03 PM
secretary
Regulation of Retail Forex
RIN3038-AC61
As a customer of Interbank FX, I am aware of risks related to trading currencies with leverage. More
leverage doesn't mean more risk - it only means less margin needed. The risk is the same in practice,
because with more leverage, it is more likely that a loss will occur sooner. So, smaller lot sizes are used.
I am FOR the customer's choice of leverage. Whether the customer wants 10:1 or 400:1, I believe they
should be allowed to choose.
Sincerely,
Garrett Boone
1984 Newton St.
Akron, OH 44305
PS: I am also a financial advisor by profession. And if, for example, "ShareBuilder" will let you invest
small amounts of money in stocks, why shouldn't there be a currency option for those who wish to invest
with currency? 10:1 would box out all smaller investors/traders.
