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Comment for Proposed Rule 75 FR 3281

  • From: Michael Dunn
    Organization(s):

    Comment No: 4052
    Date: 1/26/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04052
    From:
    Sent:
    To:
    Subject:
    j mdunn
    Tuesday, January 26, 2010 10:53 AM
    secretary
    Regulation of Retail Forex
    Regarding RIN 3038-AC61
    Writing on my own behalf, I am very comfortable with the present 100:1 leverage opportunity. GFT brokerage has
    been very clear about this type of risk. Although I will not require this leverage to trade, I like the freedom to use it
    when the risk is appropriate.
    Regarding a possible 10:1 leveage cap, this would severely limit my trading frequency and may result in seeking
    an off-shore counterparty.
    Thankyou for this opportunity to express my viewpoint.
    Michael Dunn
    Lakewood, NY