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Comment for Proposed Rule 75 FR 3281

  • From: Mark Lee
    Organization(s):

    Comment No: 3404
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03404
    From:
    Sent:
    To:
    Subject:
    Mark Lee
    Saturday, January 23, 2010 9:34 PM
    secretary
    Regulation of Retail Forex
    RE: RIN 3038-AC61
    I am writing to encourage you to allow individual traders to determine the appropriate leverage for their own personal
    Forex trading style. I am an investor in the Forex market, and I derive a portion of my income from actively trading.
    Lowering the available leverage would seriously impair my ability to trade Forex and as a result, would damage my
    income. I believe in a fair, free marketplace where individuals determine the risk level they are willing to tolerate in
    order to accomplish their personal objectives. I also believe unnecessary regulation puts US companies at a
    disadvantage to foreign based brokers. Please do not enact a reduction in available leverage to retail Forex traders.
    Thank you.
    Mark Lee