Comment Text:
i0-001
COMMENT
CL-02254
From:
Sent:
To:
Subject:
Rich Pollak
Thursday, January 21, 2010
8:51 PM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom this may concern:
In regard to RIN3038-AC61, I urge the commission not to reduce the leverage from 100:1 to
10:1. By doing this, most people trading in the retail market will be shut out of the market like
myself in that individuals do not have $10,000.00 USD to keep in an account in order to enter in on
the buy or sell side of a currency pair for one lot. By having a higher leverage, many people can
participate in the retail forex market with a few hundred dollars in their account. There is no good
reason to reduce the leverage. If the leverage is reduced, it will just mean that you have to have a
lot of money in order to make money in this type of market, which is unfair. Everyone should be
given the opportunity to enter into this type of market if they so choose.
If we shut out investors, companies like FOREX.com are generating less revenues. This will cause
jobs to be lost. Ido not think it is fitting forjobsto be lost in the current economic environment
that has an unemployment rate above 10%.
The current leverage is fair and should not be changed.
Sincerely,
Richard Pollak
Your E-mail and More On-the-Go. Get Windows Live Hotmail Free.
Sign up now.
Hotmail: Free, trusted and rich email service.
Get it now.
