Comment Text:
i0-001
COMMENT
CL-04131
From:
Sent:
To:
Subject:
Terry and Jan
Tuesday, January 26, 2010 6:23 PM
secretary
Regulation of Retail Forex
Dear Sirs and Madams:
As a forex trader who relies on income from currency trading, I am totally against your most
recent proposal which includes changing leverage from 100:1 to 10:1. VVho are you trying to
save? This change will take small traders out of the market permanently. The economy has
forced savvy traders to make ends meet. The NFA says it strives to safeguard market integrity
and protect investors and regulatory responsibilities. How does taking away our leverage help
us.? I am very capable of making my own leverage-risk taking decisions and don't need
anyone else to do it for me. Some of us don't have the thousands of dollars it would take to
make currency trading worth our while with such a proposal. It will deprive us financial
opportunities, l ask you reconsider this proposal.
Thank you.
Terry Rhicard
