Comment Text:
i0-001
COMMENT
CL-03479
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Sunday, January 24, 2010 8:59 AM
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 Frank P.
last_name Fulnecky
address1 7330 Kiwi dr.
city Nineveh
country United States
us state IN
zip 46164-9660
company
Dear Sirs,
In regards to the proposed regulation to reduce the "leverage ratio" from 100-1 to 10-1 ,I
believe this would be a big mistake,for all concerned.
Speaking as a person who trades the markets daily and depends on the income generated
from them, this reduction will make it much more difficult to enter positions and will force me
to use more capitol and therefore more risk to enter and hold positions.
Coming at a time when the "Economy" is just now starting to recover, I believe this would be
a further impediment to this action.
Respectfully,
Frank P. Fulnecky
