Comment Text:
i0-001
COMMENT
CL-03177
From:
Sent:
To:
Subject:
Frank Grogan
Saturday, January 23, 2010 9:04 AM
secretary
Proposed leverage changes.
It has recently come to my knowledge that the CFTC may be proposing changes in leverage from
100:1 to 10:1. It is my belief as a forex trader with a small account that you are going to lock out
and entire segment of consumers who trade small accounts. The retailforex market is unique in
that it allows you to trade with very small accounts. This will adversly affect the entire landscape
of the industry because brokers and consumers will suffer because you will be eliminating and
entire demographic from this market. The retail broker business may not survive and in
challenging economic times it would not be prudent to eliminate jobs through this type of
legislation.
Frank Grogan
