Comment Text:
i0-001
COMMENT
CL-00231
From:
Sent:
To:
Subject:
Dave Sutton
Sunday, January 17, 2010 5:38 AM
secretary
Regulation of Retail Forex
Dear Sir,
I am writing to voice my concern over the proposed new bill to reduce the leverage from 100:1 to 10:1 on retail
forex accounts.
If successful, this bill will prevent many of the smaller retail traders from making a living. I've spent the past six
years developing the skills required to trade for a living and now I've achieved my goal I find the regulators
are proposing changes which will reduce my ability to make an income from the capital I have managed to save.
I sincerely hope that you will reconsider imposing such restrictions on the retail forex market. I realize that the bill
is intended to protect investors but I feel the effect will be quite the opposite.
Yours faithfully,
David Sutton
