Comment Text:
i0-001
COMMENT
CL-03884
From:
Sent:
To:
Subject:
Tom Burkard
Monday, January 25, 2010 7:04 PM
secretary
Regulation of Retail Forex
Re: R1N 3038-AC61
To whom this may concern;
I am writing to voice opposition and serious concerns about the proposed regulations to regulate
leverage in retail forex customer accounts to a 10-to-1 limitation. Such regulations literally disqualify
forex traders as myself who can only afford to trade with small amounts of investment capital. Rather
than protecting the public, these changes would hurt the growing forex trading public by putting forex
out of reach for us.
The US public should be given the freedom and right to choose the amount of leverage that is
appropriate for each individual desired risk. Such regulation of leverage threatens our basic principle of
'choice'.
It is imperative that such regulations NOT be enacted, and that the CFTC work to promote public
investment, not destroy it.
Sincerely,
Thomas M. Burkard
