Comment Text:
i0-001
COMMENT
CL-03485
From:
Sent:
To:
Subject:
Gunther Freyer
Sunday, January 24, 2010 9:15 AM
secretary
Regulation of retail forex (RIN 3038-AC61)
Dear sir/madam,
referring to the above as well as the proposed maximum leverage changes by the CFTC, herewith the
following:
1. I am a South African citizen and resident;
2. I have been trading on a daily basis with two reputable US brokerages for the last two years;
3. For forex trading, specifically short term day trading, having a leverage of 100:1 is crucial for me;
4. I would have absolutely no choice but to close my accounts and trade with non-US brokers of the
10:1 leverage were to be enforced by the CFTC;
5. I am sure that 99% of retail traders would be forced to choose the same course of action.
I urge you to please reconsider this proposal.
Kind Regards
Gunther Freyer
