Comment Text:
i0-001
COMMENT
CL-02698
From:
Sent:
To:
Subject:
lineone
Friday, January 22, 2010 12:38 PM
secretary
CFTC
Proposal
Dear Sir,
The following was drawn to my attention the other day:-
............. the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public
comment on proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated." "leverage in retail forex customer accounts would be subject to a l O-to-1
limitation, "which means 10:1 leverage would be the maximum amount allowed for all Forex traders in the U.S.
I am a retail forex customer and am perfectly happy to live with potential leverage of 10:1. I have been a retail forex
customer for around two years and trade profitably.
If you really want to be of help, improve the education and training of retail customers for the forex market. The scams that
are perpetrated in this area are legion and very expensive.
Peter Squire
01392 811207
07879 414750
Horrowmore
Dunsford
Exeter
EX6 7BG
United Kingdom
