Comment Text:
i0-001
COMMENT
CL-04519
From:
Sent:
To:
Cc:
Subject:
Terrance Beals
Friday, January 29, 2010 9:45 PM
secretary
Stawick, David ; Smith, Thomas J.
; Bauer, Jennifer ; Penner, William
; Cummings, Christopher W.
; Sanchez, Peter
Regulation of Retail Forex RIN 3038-AC61
Dear Mr. Stawick:
I am writing in regards to RIN 3038-AC61. As I full-time forex trader, I understand and appreciate the
privilege and value of leverage. The responsible use of leverage is an essential part of my trading
business.
I can understand why companies were previously required to adjust leverage from 400:1 down to 100:1.
It is my opinion that the previous adjustments were more than adequate, and many forex FCMs share
my views.
The change from 100:1 down to 10:1 could adversely affect the thriving retail forex industry, in addition
to the traders who participate in the markets, by trading and adding liquidity to the forex market.
Please keep forex leverage at 100:1.
Thank you for your time.
Sincerely
Terrance Beals
