Comment Text:
i0-001
COMMENT
CL-00380
From:
Sent:
To:
Subject:
Adam Titus
Monday, January 18, 2010 9:47 PM
secretary
Leverage in forex trading
Hello:
My name is Adam HTitus. Iama forextrader. I just recently read that there isa chance that the
rules for leverage could be changing for forex trading here in the States. I heard that a 10:1
leverage ratio would be the maximum a U.S. brokerage firm would be allowed to have as an option
for its clients. I do hope you will not agree to this limitation on trading. If this rule change
becomes effective, I can see traders moving their money to overseas brokerages where their
money has more power to work for them. Brokerages in the U.S. could just go out of business
because they cannot compete. Today, traders here in the U.S. can choose what kind of leverage
they want at brokerages .... if they want a tight ratio (10:1) .... they can choose it, I believe. If
they want more .... they have that option. If the restriction comes .... Iwill probably move my
money toa U.K. brokerage. I don't think I would even have enough funds to trade at 10:1. I
hope you will choose not to restrict the leverage in forex trading to 10:1.
Ithankyou for your time in reading myemail. Havea blessed day.
Adam H Titus
Bristow, OK 74010
