Comment Text:
i0-001
COMMENT
CL-02005
From:
Sent:
To:
Subject:
Lee Pordon
Thursday, January 21, 2010 5:13 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
While I agree that the capitalization of brokerage houses is in need of both scrutiny and
regulation, I do not agree with the proposed limitation of leverage on the retail trading
community.
Risk analysis and capital preservation are the two primary concerns for any serious investor,
and those that are unable to put into practice the well known disciplines involved, have no
business trading anything.
By restricting the ability of a retail trader to practice due diligence in their selection of leverage,
you are denying the trader the free-market ability to make their own choice. You will drive
investment dollars out of the United States (and yes, I understand the risk of doing business
with a foreign brokerage house).
Please reconsider this regulation that would negatively impact the individual citizens of this
country.
Leo T. Pordon
Palm City, FL 34990
Tel. (772) 286-5725
Email: [email protected]
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