Comment Text:
i0-001
COMMENT
CL-01672
From:
Sent:
To:
Subject:
J B
Thursday, January 21, 2010 9:48 AM
secretary
Regulation of Retail Forex - RIN 3038-AC61
Dear Mr. Secretary,
It has come to my attention that there is a proposed change to the maximum amount of leverage in retail
forex trading to 10:1. Retail forex traders are business people like anybody else and posses the skills
and responsiblity to mange their accounts to the appropriate risk tolerance that suits their business
model.
I am a retail forex trader and enjoy the benefits that it provides for my family as our primary source of
income. Within the US all of us have the freedom of choice, and the ability to use risk capital to start,
grow, and sustain a business. Retail forex trading is provided globally and it is very easy for a retail
trader to open an account in a foreign location. I believe that if the proposed change is passed it would
drive small retail traders like myself as well as large retial trading corporations that rely on our freedom
of choice in leverage to relocate their business to a foriegn country.
The US cannot afford a mass exodus jobs and capital to be invested in another country, we must band
together for the good of the US economy, and US business owner that uses retail forex trading for
sustainability.
Thank-you for your consideration, if you would like to discuss this matter further, or are looking for
representation from the retail forex community, please contact me at the number below.
Jeff Bleu
602-430-9434
