Comment Text:
i0-001
COMMENT
CL-04546
From:
Sent:
To:
Subject:
[email protected]
Saturday, January 30, 2010 1:39 AM
secretary
Regulation of Retail Forex
Dear Secretary,
I wanted to voice my concern to you over the adjustment in leverage of retail forex. It is my belief that it is the
individual investors right to determine for themselves their own risk benefits and risk tolerance. Changing the
leverage ratio to 10:1 would put many responsible forex investors out of business. It would require too much
money in the account to be able to keep up with that amount of leverage. Many traders and responsibly and
effectively manage their money with the current ratios, but the proposed ratios are not appropriate. The only
effect this passing would have is an inconvenience for us traders relocating our accounts to an overseas broker,
and a blow to business in the United States.
Sincerely,
Daniel Taylor
Forex Trader
RIN3038-AC61
