Comment Text:
i0-001
COMMENT
CL-02576
From:
Sent:
To:
Subject:
Tom Lawrence
Friday, January 22, 2010 10:14 AM
secretary
Proposed leverage changes
To whom it may concern,
It has been brought to my attention through various sources that you proposing changes to regulation regarding
Forex trading. Undoubtedly there is need fro regulation protecting us consumer-traders from fraudulent or non-
liquid trading platforms. However...
Limiting leverage in Forex to 10:1 is ridiculous. That is protecting me from myself and would make Forex trading
unattractive and uninteresting to consumer-traders. If you pass that regulation then I will be left with just two
choices. 1) Quit trading, or 2) find off-shore platforms that still off attractive leverage. I'm sure you have received
a flood of similar comments. Basically, the proposed change would do the opposite of any regulation that would
be in the American consumer's best interest. We would like to trade from reliable, regulated, platforms preferably
U.S. based. But if this change takes place we will be forced to go offshore. U.S. based companies will become
defunct and have no choice but to shut down or move offshore.
How does that help anyone??????
Sincerely,
Tom Lawrence
Tom Lawrence
Vice President
1919 Girls School Rd
Indianapolis IN 46241
Phone: (317) 334-1523 (ext 1102)
Fax: (317) 334-1548
