Comment Text:
i0-001
COMMENT
CL-04484
From:
Sent:
To:
Subject:
Luke Grogan
Friday, January 29, 2010 6:44 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I am writing to urge you to vote against the proposed changes to margin requirements and
leverage ability in the retail foreign exchange markets and put the responsibility on the individual
investors to choose their leverage position. [] This is not a predatory practice and it should be an
option for experienced traders. [] I would support leverage and margin changes ONLY of new
traders.
In addition, enacting these changes will only force traders to locate offshore accounts that will
meet their trading requirements, potentially costing the US in taxes lost.
Thank you for listening to the concerns of your constituents.
Best regards,
Luke
"The best way to keep one's word is not to give it." -- Napoleon Bonaparte
