Comment Text:
i0-001
COMMENT
CL-02837
From:
Sent:
To:
Subject:
PETER TILOTTA
Friday, January 22, 2010 4:10 PM
secretary
proposed 10:1 leverage
Hello CFTC, I thought the reason we have the CFTC was to provide a safe environment for
retail forex traders to trade in, so instead the CFTC proposes to
change the leverage in retail forex customer accounts to a 10-to-1 limitation.
Unbelieveable! Instead of putting your efforts into controlling and preventing U.S Forex
Brokers from dishonest practice of customer accounts you decide that its best to drive most
forex retail traders right out of the business. FYI, all forex retail traders are in this business
because of the current leverage. You are turning forex retail trading into a one tier system, a
system that is only for those which are financially stable enough to risk huge account
sizes with a forex broker. ! personally have spent alot of my money over the last year to
learn this business and was just starting out in this
business with intentions of growing this business and now you aim to drive me right out of
business. Please reconsider your proposal and leave well enough alone.
Thank-you.
