Comment Text:
i0-001
COMMENT
CL-03951
From:
Sent:
To:
Subject:
Andres Angel
Tuesday, January 26, 2010 12:06 AM
secretary
Proposed CFTC Regulation of Retail Forex
RIN3038-AC61
Dear CFTC regulators and staff
I agree with the need to impose more checks" and balances on all OTCforex brokers, so I support most
aspects" of your latest proposed legislation, but the proposal regarding limiting leverage to 10:1 wouM
seriously impair, not only the profitabifi~y of most retail traders in this country, but the US forex
industry as a whole. At a time when America has lost its" competitiveness in most industries and sectors,
which it used to dominate, I doubt it can afford to start loosing its" edge in what may be the last
remaining sector where the country is still king: the financial services and capital markets" sector.
Freedom of choice is what made this country great !!, I hope you'll do right by it, and keep 100:1
leverage afive ! !
Regards"
Andres Angel
