Comment Text:
i0-001
COMMENT
CL-03543
From:
Sent:
To:
Subject:
Kirk H. Stem
Sunday, January 24, 2010 2:23 PM
secretary
Regulation of Retail Forex
Dear Mr. David Stawick,
As an individual Forex trader I urge you please DO NOT change the leverage from 100:1 to
10:1 (RIN 3038-AC61). It would totally ruin and eliminate the individual trader in the United
States. Yet the rest of the world would be able to continue to trade the purest of all markets,
the Forex. The Forex market has been very successful in policing itself and no one is in
danger of losing more than their account and typically gets the trade(s) closed by the broker
when the trader's margin level is hit versus other Future instruments where you can lose more
than the account balance. A blanket type of ruling would be short sided. Again please DO
NOT change the leverage from 100:1 to 10:1, it would eliminate the individual trader and kill
a lot of dreams. Please contact me if you would like to discuss this from a newly successful
trader that this would eliminate. We did not cause the financial crisis and should not be
lumped in with it. Thank you for listening.
Take care,
Kirk H. Stem
5743 Sentinel Drive
Raleigh, NC 27609
[email protected]
919.302.1590
