Comment Text:
i0-001
COMMENT
CL-04568
From:
Sent:
To:
Subject:
Roy Farris
Saturday, January 30, 2010 9:08 AM
secretary
Regulation of Retail Forex
ID number RIN 3038-AC61
I am a part time Forex trader, and at least half of my yearly income is derived from Forex trading.
The recently proposed margin changes by the U.S. Commodity Futures Trading Commission (CFTC) could
increase the minimum margin requirement to 10 percent (10-to-1 leverage), which could destroy the U.S. retail
foreign exchange industry.
I ask you to reconsider this proposed margin change,the proposed leverage regulation would be devastating to
Forex traders in the U.S. My family's livelihood depends on my Forex trading.
Roy Farris
Franklin, IN. 46131
