Comment Text:
i0-001
COMMENT
CL-05835
From:
Sent:
To:
Subject:
Daniel E Patino Sr
Wednesday, March 3, 2010 10:11 PM
secretary
Regulation of Retail Forex
Hello,
I am a long time Forex trader and I make my living trading currencies in the market. I am aware of a proposal to
change the leverage allowed to 10:1 from the current 100:1. This will ultimatly will put me out of business since it
will reduce significantly the profits and at those levels it will be impossible for me to realize a decent profit to
survive. I srtrongly oppose this change and ask specifically to let us, the people, decide on what kind of risk we
can afford. People don't need anyone to make this kind of decisions for them. Your regulations should target
criminal behaviour and not personal risk decisions. I can assure you, you are NOT helping me in any way with it.
Only the very wealthy will be able to trade Forex at those leverage levels.
Thank you,
Daniel E Patino
