Comment Text:
i0-001
COMMENT
CL-04514
From:
Sent:
To:
Subject:
Richard Wallach
Friday, January 29, 2010 8:55 PM
secretary
Change in leverage - Regulation of Retail Forex R1N 3038-AC61
Dear Secretary:
The proposed change in Leverage would put many small traders out of business. I know of no reason to restrict the
individual forex trader to a 10 to 1 leverage. This would make it uneconomical to trade and increase unemployment in the
US. Every time we trade, we take a risk, the leverage which use to be higher than 100:1 enables us to balance that risk. We
put a lot of time, effort and money into studying the Forex market and deserve a reasonable return. This regulation RIN
3038-AC61
would force us to take our accounts out of the country, which would not benefit the country.
Thank you for your consideration in this matter.
Richard A Wallach
25987 East Highway 64
Taos, NM 87571
