Comment Text:
i0-001
COMMENT
CL-04075
From:
Sent:
To:
Subject:
William McConnell
Tuesday, January 26, 2010 1:15 PM
secretary
Changes in FOREX Leverage
Dear Madam/Sir:
As a FOREX spot market trader, the proposed change in leverage from 100/1 to 10/1 will either force
me not to trade in this market, or to move my trading account offshore.. Either is not a desired outcome,
since my current trading has never had any deleterious effect on the market in general or in my accounts.
Current limitations imposed by my broker provide protections that keep me from overextending
positions. A change in the leverage ratios is not required and definitely not wanted.
Please keep the current rules.
Thank you,
W. A. McConnell
