Comment Text:
i0-001
COMMENT
CL-03278
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[email protected]
Saturday, January 23, 2010 1:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first_name Enrique
last_name Arroyave
address1 4504 Kyle lane
city Flower Mound
country United States
us state TX
zip 75028
company
I believe that the proposed regulation will adversely impact my ability to continue trading in
the spot FX market as a retail investor. I believe that we should be able to retain the current
100:1 leverage and that it is up to us as individual investors/speculators to know how to
manage our risk. A move to reduce this leverage will only cause damage to the smart retail
investor and will not necessarily stop unscrupulous practices at shady brokerages anyway.
I urge the CFTC to consider the significant negative impact that changing the leverage on
accounts to the proposed 10:1 would have on the retail investor.
