Comment Text:
i0-001
COMMENT
CL-04630
From:
Sent:
To:
Subject:
Rich Bawiec
Saturday, January 30, 2010 11:52 PM
secretary
Regulation of Retail Forex (ID No. RIN 3038-AC61)
I believe that changing Leverages to 10 to 1 from 100 to 1 will drive retail forex investors to open up foreign
accounts, taking their business outside the US. All investors that trade in forex know and are told about the
risks involved. It is the retail investor's choice to participate or not. The CFTC's job is to make sure the retail
investor is being treated fairly, and honestly, and the brokers are meeting the regulations in force. If investors
start opening accounts outside the US, the CFTC will lose its effectiveness, and allow another positive economic
business to transfer outside the USA.
Do not change the leverage requirements!
Richard Bawiec
Mrrich2000@ msn.com
