Comment Text:
i0-001
COMMENT
CL-00370
From:
Sent:
To:
Subject:
Simon Manning
Monday, January 18, 2010 7:24 PM
secretary
Proposal to limit Retail Forex leverage to 10:1 - AGAINST
I am a retail FOREX trader. I strongly urge you
not to limit leverage to 10:1; it is too restrictive.
Leverage was recently limited from 200:1 to 100:1. While important to impose some restrictions to
protect retail consumers, limiting leverage further would encourage retail traders to move their FOREX
trading to offshore accounts. The USA will Dose it's reputation for providing opportunity (and the risks
that entails). Do not turn the USA into a nanny state.
Sincerely,
Simon Manning
