Comment Text:
i0-001
COMMENT
CL-01455
From:
Sent:
To:
Subject:
lum kim foong
Thursday, January 21, 2010 1:14 AM
secretary
Regulation of retail Forex
RIN 3038-AC61
Dear Sir/Madam,
I strongly oppose the new proposed regulation of maximum allowable leverage is reduced to 1:10. as
trader, it is always our right to be allowed to choose the degree of risk and leverage percentage per our
trading style or strategy.
As enforcement of this new proposed regualtion will only force traders from US transfer their fund out
of US, where i do not think will do any good at all. Since other region is still practice higher allowable
leverage ratio.
I sincerely hope that CFTC would not enforce the 1:10 max leverage regulation.
best regards
kim foong (Malaysia)
