Comment Text:
10-002
COMMENT
CL-07840
From:
Sent:
To:
Subject:
Kevin Kareth
Wednesday, March 10, 2010 1:20 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear CFTC,
A move to a 10-to-1 leverage limitation for retail forex customer accounts is only hurting those on Mainstreet. Such a limitation
would force the US retail traders out of trading forex leaving the market to only large banks and hedge funds. For institutions
risking others capital, it makes sense that they should be prudent with leverage and they can easily regulate their own
behaviour. A retail trader risks their own capital and therefore should not be punished with such regulation.
Please reconsider this decision.
Thankyou.
