Comment Text:
i0-001
COMMENT
CL-02425
From:
Sent:
To:
Subject:
Jimmy Fu
Friday, January 22, 2010 2:33 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Hello,
My name is JimmyFu, and I'm a retail forex trader in Los Angeles, CA. I'm very concerned with
RIN 3038-AC61, and the proposed leverage change. It is my money and the risk I want to take
is my own responsibility. Ido not need CFTCto limit the leverage, and affect how Itrade. This
over protectionism in the retail forex by the CFTC needs to stop. If this does not, I will take my
money overseas, and I believe this is counter productive to your oversight. And I believe this
would be devastating to the US brokers that are trying to compete with other overseas broker, and
believe me, you will destroy this industry. In fact, higher leverage is safer for traders because it
allows more flexibility during trading.
Jimmy Fu
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