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Comment for Proposed Rule 75 FR 3281

  • From: Robert Sample
    Organization(s):

    Comment No: 4271
    Date: 1/27/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-04271
    From:
    Sent:
    To:
    Subject:
    Robert Sample
    Wednesday, January 27, 2010 3:10 PM
    secretary
    Regulation of Retail Forex
    Mr. Stawick'
    As a currency trader, I am writing to let you know I am opposed to the proposed plan (RIN 3038-AC61) to change
    the leverage rule to 10:1. Traders should have the option to determine their own risk levels. If that privilege is
    taken away many traders, including myself, will likely transfer to offshore brokers.
    Another result of this action coul be loss of jobs as U.S. based brokers loose customers.
    Thank you for your time, and I hope that after further consideration the CFTC will decide to leave the leverage
    regulations as they are.
    Sincerely,
    Robert Sample