Comment Text:
i0-001
COMMENT
CL-04254
From:
Sent:
To:
Subject:
Michael Luchino
Wednesday,
January 27, 2010 11:24 AM
secretary
Regulation of Retail Forex
I am writing this to express my objection to the new CFTC's Proposed Leverage Limits of 10:1 . This will hurt retail traders
like myself because this limit will force me to take my business overseas and loose the protection of the CFTC. The
reasoning behind this new leverage proposal is not going to save anyone from harm in the Forex market, it will only create a
mass exodus of US dollars to foreign markets and leave us unprotected!
Please drop this unfounded proposal.
Thanks you,
Michael Long
San Francisco, Ca
