Comment Text:
i0-001
COMMENT
CL-03349
From:
Sent:
To:
Subject:
Attach:
[email protected]
Saturday, January 23, 2010 4:59 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 Luis
last_name Lopez
address1
city Houston
country United States
us state TX
zip 77072
company Intervision Inc
To whom it may concern,
I have recently heard about the new proposed leverage ratio in Forex. From the bottom of
my heart I ask you to please not change it. In this economy changing the leverage will be
devastating to smaller traders like myself. Also...many brokerage firms will go out of business
and will have to fire employees and at the moment employment opportunities are very low. I
have tried to learn the Forex markets for about 2 years now and I am finally achieving the
results I wanted after 2 years of preparation...if you guys do this it will destroy everything I
have been working on for the past 2 years. I beg to you to please leave the leverage to
100:1 as it will destroy many people's dreams if changed. If the purpose of this is to filter out
serious traders from the immature traders.., please make a different regulation to do this, like
requiring a license to trade the Forex markets etc. that could certainly filter out the serious
people from the ones that are not serious. Please hear us out.., the income of my family and
many others depends on you.
I take you in advance
-Mr. Lopez
