Comment Text:
i0-001
COMMENT
CL-04556
From:
Sent:
To:
Subject:
Brent Wall
Saturday, January 30, 2010 8:00 AM
secretary
Regulation of Retail Forex RIN 3038-AC61
Recently, the U.S. Commodity Futures Trading Commission (CFTC) announced that it is seeking public comment on proposed regulations
concerning Forex trading. In part, the proposed regulations states:
[]to collect security deposits in a minimum amount in order to prudentially limit the leverage
available to their retail customers on such transactions at 10 to 1 []
This means that leverage limits will be reduced from current limits of 100:1 to 10:1 for all Forex trading in the United States. However, I
believe that I should be given the freedom to choose the appropriate amount of leverage for my individual trading style and risk tolerance.
Thanks
Brent Wall
