Comment Text:
i0-001
COMMENT
CL-04109
From:
Sent:
To:
Subject:
Dylan Alliata
Tuesday, January 26, 2010 4:32 PM
secretary
RIN 3038-AC61
Dear Sirs,
With reference to the new proposed 'Regulation of Retail Forex' (identification number RIN 3038-
AC61) specifically the change in leverage. I oppose the change since it iwll effectively kill off the retail
forex trade in the United States and offshore it to countries that are beyond your jurisdiction to control.
While I can understand wantingt to protect speculators who by nature are voluntary risk takers from the
dangers of high leverage 10-1 is just silly. Most of the industry follow guidelines of 100 to one leverage
to 25 to one levearge for less liquid currency pairs. Perhaps more public education and less regulation
would be in order since as sure as the Washington Monument is the tallest building in the Capital small
speculators will go offshore into the hands of the uncaring, unscrupulious and unamerican.
Sincerely,
Dylan
