Comment Text:
i0-001
COMMENT
CL-02578
From:
Sent:
To:
Subject:
Juan Lado
Friday, January 22, 2010 10:19 AM
secretary
Regulation of Retail Forex
Just found out about this new proposed regulation and this is my opinion:
We as traders should be given the freedom and the right to choose the amount of leverage that is appropriate for
our trading system and our individual desired risk. We live in the best free country of the world and we need to
keep the right to do as we desired. All FCMs always explain to the individual investor the high risks we're exposed
to when using high leverage, so all investors are aware of this and should be able to control it by themselves not
by certain rules imposed by a government.
I think if this rule is approved, lots of traders will move their money to foreign countries, is this what the CFTC
wants to do?
Hope the CFTC keeps my comments under consideration.
Thanks,
Juan
ID# RIN 3038-AC61
