Comment Text:
i0-001
COMMENT
CL-03351
From:
Sent:
To:
Subject:
wesynergy
Saturday, January 23, 2010 5:09 PM
secretary
Regulation of Retail Forex
Dear Secretary and CFTC,
One of the reasons I opened a Forex account, despite being very low on savings, I am
able to beat the only other investment instruments I can afford, savings accounts and
CDs ....
I understand that the proposed change of 100:1 to 10:1 is designed to protect people
like me, and perhaps the financial industry too. The proposal will take away the only
opportunity I have to invest in a meaningful way in my future.
I am for all other regulation and I think you guys are "the bomb" and I love you.
I believe that the only people that will benefit from such a move is people who need
no protection on the market.
I am begging you to reconsider this radical Forex Leverage change, as it will destroy
my only working investment, and the liquidity of the markets.
Wesley Miller
Kailua-Kona
P.S. Please please please please please please please please please please don't do
not regulate the leverage rates from 100:1 to the radical low level of 10: 1!
