Comment Text:
i0-001
COMMENT
CL-04127
From:
Sent:
To:
Subject:
lucafx@gmaihcom on behalf of
Cornelius Luca
Tuesday, January 26, 2010 6:16 PM
secretary
Regulation of Retail Forex
With regard to "Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation" I
iust want to wish you good luck in implementing it. The forex market has been hurt by incredible
leverage trades that destroyed the little capital many retail speculators had. It's still incredible to me that
a variety of unprofessional forex "traders" are allowed to entice retail participants with impossible
promises, such as 20-30% per month, with basically no losses.
Once again, best of luck in helping retail participants to understand the reality of the forex market - and
hopefully trade it the correct way. I am doing my part in trying to educate them.
Best regards,
Cornelius Luca
President
LGR
www.LucaFXTA.com
