Comment Text:
10-001
COMMENT
CL-03051
From:
Sent:
To:
Subject:
Celeste Neilson
Friday, January 22, 2010 10:16 PM
secretary
Regulation of Retail Forex
To the attention of the U.S. Commodity Futures Trading Commission,
It has come to my attention that proposed regulatory changes are being considered pertaining
to retail forex trading. In particular, I'm heard of a proposal that "leverage in retail forex
customer accounts would be subject to a 10-to-1 limitation."
As a small forex trader I wish to voice my objection to such a change. I know you only wish to
safe guard consumers, but rather than such a restrictive limitation, you should know that most
forex companies I've dealt with have wonderful disclaimers explaining the risky nature of forex
trading in general and allow me, as the trader to select a margin requirement and thus pick a
level of leverage appropriate for my risk appetite. Please DO NOT limit this! You will cut many
small investors such as myself out of the forex market by passing such a change.
If you wish to help consumers such as myself, instead of a restriction like this, please reward
the forex firms that educate their clients and that are straightforward in disclosing the risks
associated with forex trading.
I know the risks I am taking and thus don't put funds at risk in a leveraged account that I
cannot loose. Please do not cut me out of this market by imposing leverage limitations!
Thanks,
Celeste Green
