Comment Text:
i0-001
COMMENT
CL-04498
From:
Sent:
To:
Subject:
Westin Smith
Friday, January 29, 2010 7:29 PM
secretary
Regulation of Retail Forex.
I find your proposal to cap leverage at 10:1 abominable in nature.
Please do not pass this proposal.
Besides being stepping on the freedom of the american investor it does not protect the investor from
fraud which is your end goal. In fact, it will drive at least 95 percent of traders overseas to trade with
ungregulated entities. I cannot hope to make an honest living and provide for myself if you raise
leverage any more than you already have. 100:1 is not enough in my opionion.
