Comment Text:
i0-001
COMMENT
CL-00377
From:
Sent:
To:
Subject:
David Conley
Monday, January 18, 2010 9:09 PM
secretary
[] Regulation of Retail Forex []
Dear Secretary;
I am a retail forex trader who resides in USA and currently trade with a registered NFA broker. I
want to express my complete and total dissagreement with the new proposed changes in forex
leverage from 100:1 to 10:1. Itradeforexfora living and have done so for over5years now. I
have never, not once, blown/lost my account balance, as a matter of fact I have made money
consistently. I've done so mainly because of leverage! Because of 100:1 leverage Iwasableto
trade enough "lots" to actually make enough money to live on. Anything lower than 100:1
leverage would not allow me to do this! 10:1 leverage is insane for small time traders like myself.
I really like my USA NFA broker and desire to stay with them however if leverage is lowered below
100:1 I will be forced to move to an unregulated USA broker, either here in USA or overseas. Not
only myself but many others too! That is nota good thing but again we will be forced to do so.
Please reconsider the new proposed leverage rule and leave it as it currently is, 100:1.
Thank you,
David Conley
3304 Hartston Drive
Lexington, Ky 40515
contact: corya I pha beta @ya hoo.com
