Comment Text:
i0-001
COMMENT
CL-05498
From:
Sent:
To:
Subject:
Donald Podluzne
Monday, February 22, 2010 9:48 AM
secretary
Regulation of Retail Forex
In response to RIN 3038-AC61
I am writing in response to the proposed change to limit the leverage in the fore× market to 10-1. As I believe that
the changes that limited leverage 100:1 has helped in fraud in the market. As a small Forex trader who has been
doing who has been spending the past year and a half learning the Forex Market and fine tuning my trading , I feel
that the limiting to 10 - 1 makes it difficult for me and others in my situation to open and trade the forex market.
The higher leverage allows people like me to open accounts and be able to trade with descretionary money.
Changing the leverage will require me to have more money just to make a trade and will not allow me to continue.
Donald Podluzne
Geneca OH, 44041
[email protected]
