Comment Text:
i0-001
COMMENT
CL-04217
From:
Sent:
To:
Subject:
Doug Allard
Wednesday, January 27, 2010 4:28 AM
secretary
Regulation of Retail Forex
Dear Sir or Madam,
Thank you for taking the time to read my email.
I would like to take this opportunity to express my opinion regarding the proposed regulation R1N 3038-
AC61. I am of the understanding that this regulation will restrict leverage when placing an order on the
OTC currency market and that this regulation will result in the requirement of a much larger margin
amount necessary to take a position in the market.
I would like to request that you do not proceed with this regulation.
This regulation would restrict profitability and increase risk. More would be required to take a position
in the Market, and therefore more would be at risk. This is counter productive, and therefore
I respectfully request that you do not proceed with regulation RIN 3038-AC61.
Thank you,
Doug Allard
30628 Detroit Road #157
Westlake, Ohio, 44145
