Comment Text:
i0-001
COMMENT
CL-03836
From:
Sent:
To:
Subject:
Leo Kanell
Monday, January 25, 2010 4:39 PM
secretary
Regulation of Retail Forex
Hi,
I just wanted to voice my concerns regarding the proposed rule change with leverage to make it 10 to 1. If the
DFTC does try and instigate such a rule change, rest assured that the rest of the world will glad to take advantage
of this and American business and investors will be those that will suffer as US traders and participants in the
forex markets will undoubtedly open up accounts in England, Europe, and Japan and the only losers will be
American Forex brokerages and the US economy. That will be the result of such a rule. Money management is
what is needed and anyone who has traded forex learns that lesson very quickly.
Leo Kanell
801-898-1752
[email protected]
