Comment Text:
i0-001
COMMENT
CL-01777
From:
Sent:
To:
Subject:
David Dunak
Thursday, January 21, 2010 11:43 AM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Dear Sir,
I am a forex trader using a retail brokerage. Although I primarily use very small lot sizes
with moderate leverage, I find having leverage at 1:100 useful from time to time. If your august
body chooses to limit the leverage available to the retail market, it will restrict most trading to only
the larger players. I feel that, in general, traders in the forex are already aware of the dangers of
excessive leverage. Please do not place further restrictions on our ability to trade. It would drive to
use vendors outside of the U.S.A. This would not be good for business or the economy. Your time
would be better spent to regulating the use of short positions that far exceed the underlying stock
or commodity.
Sincerely Yours,
David J.Dunak
9189 Palmetto Ave.
Fontana, CA
92335-4937
(909) 822-9007
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