Comment Text:
i0-001
COIMMENT
CL-02661
From:
Sent:
To:
Subject:
Emylyn Lenon
Friday, January 22, 2010 11:42 AM
secretary
Proposed FTC regulation
As part of the proposed regulations, it is stated." "leverage in retail forex customer accounts" wouM be
subject to a l O-to-1 fimitation, "which means 10:1 leverage wouM be the maximum amount allowed for
all Forex traders in the U.S.
Because of the uncertainty and rather unscrupulous behavior of some stock traders, many investors are
looking into Forex to regain some of the losses experienced in the stock market. To have the above
regulation in place means that each investor must have $10,000 in their account to start. Personally, I
would not be willing to risk that much money to trade in the Forex market, and the above regulation
would only benefit those with money and would exclude the average investor. The FTC should protect
average investors by providing them a fair and safe place to trade. This above regulation would mean
that average investors would not even be allowed to trade unless they have $10,000 to put at risk. With
the current US economy and the losses that many people have had in the stock market, many people do
not want to risk that much money, especially if Forex is an new trading environment to them.
