Comment Text:
i0-001
COMMENT
CL-05677
From:
Sent:
To:
Subject:
POOJA VELA
Tuesday, March 2, 2010 3:26 PM
secretary
Regulation of Retail Forex
To
Secretary,
USA.
My name is Poongothai and I am a small retail Forex trader, trying to learn the currency market for couple years.
I am using a MB trading brokerage, having no problem with the Leverage. I get 100:1 leverage and know how to
use the money management. I never lost $1000.
due to the following valid reasons please let the brokerage continue the 100:1 leverage..
1. US treasury will be losing the Taxes paid by the currency traders, since most of the experienced traders making
millions of dollars.
2. Since it is new to US can continue with the leverage 100:1 .
3. If CFTC cuts donw to 10:1 all the retail traders will be moving their accounts to outside USA.
so please consider the above reasons and don't cut the leverage down. Please let the brokerage to continue with
100:1 leverage for another 5 years. This is not the right time to change the leverage.
thanks!
Poongothai Velayutham
7235 Guider Drive, #221
Woodbury, MN 55125
Phone : 651-528-7721.
