Comment Text:
io-ooi
COMMENT
CL-06142
From:
Sent:
To:
Subject:
Stephen Ross
Friday, March 5, 2010 10:51 AM
secretary
As a live retail trader, I am very much opposed to the proposed leverage of 10:1. The retail community
only needs to practice adequate money management and risk management. But this proposal will force
many of us to take our businesses and customers offshore. You will force the brokerages themselves to
establish overseas branches or lose business. This would be detrimental to the abilty of US traders to
earn a living. This is a much safer market than futures, we don't suffer gaps running against us or
periods of illiquidity. I can only lose what is in my account and not be on the hook for a margin call.
So please do not drive this industry to be like the futures marketplace.
