Comment Text:
i0-001
COMMENT
CL-04276
From:
Sent:
To:
Subject:
Sautner, George (IT Solutions US)
Wednesday, January 27, 2010 3:47 PM
secretary
Release: 5772-10
To whom it may concern,
I am totally against this new proposal. I have been studying Forex for over 10 years and I am still trading a
small account because I learned how to manage my risk. Why should every be punished for the traders that want
to gamble their money away without first taking the time to learn what is involved. They accept the risk when they
open their account so if anything I would accept a 50:1 leverage but 10:1 would be too low. I also think 400:1 is
way too high. Their is nothing wrong with trying to regulate it but taking away all the leverage just hurts the
prepared trader and will probably turn away all the gamblers which I'm sure can hurt the brokers.
Sincerely,
George Sautner
