Comment Text:
i0-001
COMMENT
CL-03359
From:
Sent:
To:
Subject:
Soon Teo
Saturday, January 23, 2010 5:49 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Dear Sir/Madam,
I am aghast when I was told that the CFTC is making the regulation to change the leverage from
100:1 to 10:1.
If the intention is to limit loss then I am certain that there are other ways.
By enforcing this rule it will only result in :
1) People closing all their accounts in the US and moving it out of US to offshore accounts which
will result in
2) Loss of Jobs as US Forex Trading Company are unable to keep the Company running which will
lead to
3) US economy going into recession.
I am sure a reasonable person like you would not like to the reason for leading the US into
recession.
You rs faithfully
A Retail Forex Trader
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