Comment Text:
i0-001
COMMENT
CL-02385
From:
Sent:
To:
Subject:
Blake Goetz
Friday, January 22, 2010 12:10 AM
secretary
Regulation of Retail Forex
To the Director of CFTC,
I am opposed to your proposed rule change reducing retail leverage from 100:1 to 10:1 in the
Forex market. As a private part time trader for the past six years I have been pleased with
most of the rule changes to protect consumers (including the hedging rule) but not this one. If
this rule change becomes permanent I will have no choice but to leave my US based broker
(MB Trading) and take my account to a country that allows 100:1 leverage. I will also contact
my representatives in both the House and the Senate and let them know that your office has
overstepped its bounds by imposing a rule that does not protect consumers, it kills them and
the US brokers we support.
Please reconsider this silly proposal.
Sincerely,
Blake Goetz
Palm Springs CA
760.318.2431
