Comment Text:
i0-001
COMMENT
CL-05784
From:
Sent:
To:
Subject:
[email protected]
Wednesday, March 3, 2010 8:30 PM
secretary
Regulation of Retail Forex
Sirs:
Re: Proposed currency leverage change from current 100:1 to 10:1
This change is neither warranted or recommended. It will give advantage to foreign trading
firms who will capitize on currency movements at US investor expense. Additionally,
customers currently trading through US firms will be encouraged to move their accounts
offshore - costing US jobs and potentially leading to asset relocation.
I urge you not to change the current leverage specifications.
Sincerely,
Gary Green
