Comment Text:
i0-001
COMMENT
CL-00442
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Sent:
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Subject:
Kenneth Lee
Tuesday, January 19, 2010 10:14 AM
secretary < secretary@ C FTC. g ov >
Forex Leverage Reduction idea is a very bad idea.
We just had a reduction in leverage. The only thing you are accomplishing is forcing the retail Forex market
offshore. Which in the end will cost the U.S. in the way of taxes and growth of this sector of business. People I
know that trade REAL money and most of these rule wouldn't affect as much as us little guys have already moved
there accounts in fear of this increasing intervention of good will but bad ideas.
The 100 to 1 level we just got reduced to has already hurt some. You can't protect people from themselves at the
cost of others. They will find another way to risk thier money for that golden egg.
So for One I say leave well enough alone. The people have to be able to try and and succeed with thier own
ablities from the lower rungs of the ladder. Don't be part of the problem preventing that chance.
Ken Lee
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