Comment Text:
i0-001
COMMENT
CL-03673
From:
Sent:
To:
Subject:
[email protected]
Monday, January 25, 2010 1:50 AM
secretary
Regulation of Retail Forex
Dear Mr/Ms Secretary,
As a FOREX client and trader, it has been brought to my attention
that on January 13th, 2010, the CFTC announced proposed new
regulations concerning retail foreign currency transactions.
However, one of the proposed changes would radically lower Forex
leverage from 100:1 to 10:1 for all NFA and CFTC regulated Forex
firms.
I am a regular trader that is opposed to such a change, as it would
harbor a severe impact on my ability to reach established goals in my
Forex investments.
I urge you to please consider retracting the reduction of of the
allowed leverage ratios.
Sincerely,
Alan L. Acevedo
