Comment Text:
i0-001
COMMENT
CL-02923
From:
Sent:
To:
Subject:
Lynn Hill
Friday, January 22, 2010 6:05 PM
secretary
Regulation of Retail Forex - 10:1 Rule
Greetings,
I believe that lowering the maximum Forex leverage to 10:1 is no doubt well intended, but counter productive. It
will drive U.S. based Forex Retail customers off shore to countries with less regulatory oversight. This will
ultimately harm more U.S. based Forex customers and give NFA less influence over the industry.
It is far better to provide appropriate regulation in an environment that encourages U.S. based customers to keep
their money (and their taxable income) in the U.S.
Best Regards,
Lynn Hill
