Comment Text:
i0-001
COMMENT
CL-00337
From:
Sent:
To:
Subject:
Joshua Virkler
Monday, January 18, 2010
2:57 PM
secretary
Regulation of Retail Forex
I am writing to ask that you consult with many people in the forex
business before you implement any new rules. Talk to the brokers and the
traders. You will find that many things you wish to implement are
universally opposed.
If you cap the leverage of retail forex at 10:1, it will completely
destroy the business. Most, if not all, retail forex trading will move
offshore. That does not help anyone.
Sincerely,
Joshua Virkler
Buffalo, NY
