Comment Text:
i0-001
COMMENT
CL-05946
From:
Sent:
To:
Subject:
John Albers
Thursday, March 4, 2010 8:52 AM
secretary
Regulation of Retail Forex
Dear Sir or Madam, I am totally opposed to the proposed regulatory changes that would see the leverage
available for traders move to 10:1 from the current 100:1. I am a relatively new trader with 8 months of
experience. Sure I learned some early and tough lessons but because of existing equity and margin
requirements and stop loss orders my losses have been manageable.
I have learned much. I also see great promise in my new found skill as a trader. A change to 10:1 leverage would
severely limit my opportunity and would do nothing to mitigate the risk involved in any trade.
Sincerely,
John Albers
501 East Welch Rd
Apopka, FI.
32704-2167
