Comment Text:
i0-001
COMMENT
CL-02781
From:
Sent:
To:
Subject:
Jeremiah Kline
Friday, January 22, 2010 3:16 PM
secretary
Regulation of Retail Forex
Dear Secretary of the Commodities Futures Trading Commission:
I am writing to provide comments regarding the proposed rule change
about the regulation of retail forex. Further, I was told to include
the following RIN 3038-AC61 in the body of my email. I would like to
comment on the proposed change maximum leverage requirements from
100:1 to 10:1. I think the proposed change in leverage greatly
diminishes the activity of foreign exchange trading. It is well known
that the practice of foreign exchange trading is a risky trade,
however, individuals should be able to monitor their own funds and
protect their account balances to tailor their own risk assessment and
trading philosophy. Putting a maximum leverage requirement of 10:1
greatly diminishes the free choice of the individual in terms of
running his own account. Thank you for your time.
Regards,
Jeremiah Kline
