Comment Text:
i0-001
COMMENT
CL-00017
From:
Sent:
To:
Subject:
Jay Meisler
Thursday, January 14, 2010 2:06 PM
secretary
Regulation of Retail Forex
Dear Sirs,
I am writing to complain about the proposed change in regulation that
would change leverage on retail forex. As proposed,
"Leverage in retail forex customer accounts would be subject to a
10-to- 1 limitation."
This would either force business on to the futures exchanges or drive it
overseas, which would offer less protection and regulation to US investors.
What is unfair is the proposed reduction in leverage is not consistent
with what is required on futures, which allows a significantly higher
leverage and thus unfair to impose this limitation.
I suggest this section be reviewed and changed to be consistent with
what is required on forex futures.
Sincerely
Jay Meisler
