Comment Text:
i0-001
COMMENT
CL-04497
From:
Sent:
To:
Subject:
mcsonsand-71 @yahoo.com <"mcsonsand-71 @yahoo.com">
Friday, January 29, 2010 7:23 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
The CFTC restricting forex leverage to 10:1 will destroy forex trading. Destroying forex would almost
appear to be the goal of the CFTC! First the leverage was lowered to 100:1, then hedging was
disallowed, and now lowering the leverage to 10:1 is almost the last nail in the coffin.
Supposedly all this is done "for the trader's best interest". Well, why not let us figure out what is in our
best interest. Mounting losses is a real clue to any trader with a brain to change tactics or quit.
So, if the CFTC really is looking out for the best interests of the trader, then don't leave 100:1. If
anything...go back to 200:1.
