Comment Text:
i0-001
COMMENT
CL-04102
From:
Sent:
To:
Subject:
jeremy steiner
Tuesday, January 26, 2010 4:00 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
RIN
3038-AC61
HI,
Please do not enforce a 10:1 leverage rule for USA brokerages. I do not see any benefit
to this rule, and It would be crippling to the brokers in the US, because I and other
traders would immediately open offshore FX accounts with brokers that offer better
leverage. I felt comfortable with 400:1 leverage, and am still getting used to the newly
enforced 100:1 leverage rule. It would not be worth my time to trade Forex with 10:1
leverage.
thank you
Jeremy Steiner
[email protected]
973-876-8025
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