Comment Text:
i0-001
COMMENT
CL-04207
From:
Sent:
To:
Subject:
Mary Tran
Wednesday, January 27, 2010 1:32 AM
secretary
Regulation of Retail Forex
Dear Sir / Madam:
Identification number RIN 3038-AC61
The changing Max Leverage of CFTC is not a good idea.
As a forex trader, I disagree with the Maximum Leverage under Proposed CFTC Changes because the margin requirement:
$10,000.00 (10:1 leverage 10%)
This is not a good changes for forex trader. I don[]t like this leverage. Should encourage forex traders by the current
regulations: 100:1 leverage (1%) and the margin requirement: $1,000.00
Increasing the leverage higher will bring more risk for the traders. It is not the safety way for the traders.
Please keep the current regulations. Do not change anything. Thanks.
Mary Tran
