Comment Text:
i0-001
COMMENT
CL-03922
From:
Sent:
To:
Subject:
beverly bansil
Monday, January 25, 2010 9:30 PM
secretary
Regulation of Retail Forex
January 25,2010
To Whom It May Concern:
I am writing in response to the proposed change in leverage to US Forex traders, I believe
the proposal would force a lot of US Forex traders to close their accounts here and open
new accounts abroad, such as UK, which a lot of brokers offer leverage as high as 200:1. With this
change also, I think a lot of US based brokers would be greatly affected due to
loss of revenues, which may I think would affect our fragile economy at this time.
I, myself, a small time trader will close my account and transfer my business abroad.
