Comment Text:
i0-001
COMMENT
CL-05645
From:
Sent:
To:
Subject:
spodie 1 l@optonline, net
Monday, March 1, 2010 1:04 PM
secretary
Regulation of Retail Forex
ID Number: RIN 3038-AC61
To Whom It May Concern,
I recently received word that the U.S. Commodity Futures Trading Commission (CFTC) announced that it is
considering proposed regulations concerning the 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. Currently, the leverage afforded to
retail customers is established at 100 to 1. The current standard allows for an individual investor, such as myself,
to engage in actively trading the FOREX market without a considerable equity requirement. Many individuals are not
nearly liquid enough to absorb such a drastic leverage reduction. I have spent many years researching and paper
trading before going live in the market and I cannot see how this regulation, if enacted, would allow any
individual, to continue trading FOREX and consider this market as a means of active investing. I am oppsoed to this
measure and hope that the CFTC allows individual investors to choose the approvpriate amount of leverage based on
our trading style, level of comfort and risk assessment. Thank you and I hope these comments have been helpful.
Andrew Stor
