Comment Text:
i0-001
COIMMENT
CL-06160
From:
Sent:
To:
Subject:
Marc Worthington
Friday, March 5, 2010 11:15 AM
secretary
Regulation of Retail Forex
Ref: RIN 3038-AC61
Gentlemen:
While I appreciate the effort to protect the consumer, this proposal seems beyond the pale and I
respectfully request that it not be enacted.
I could live with 30-1 or 50-1 leverage., in fact I usually use 30-1 as a modus operandi.
But 10-1 is not acceptable and will only force traders to go out of the country and obviously work against
what the proposal was attempting to accomplish.
I'm not among those who think these proposals are loaded in favor of the big banks, etc. and are using
their clout to rid the market of smaller traders.
However, 10-1 leverage will have that effect if enacted.
Thank you for taking the time to read my comments and I join with other traders in asking that you not put
this 10-1 requirement in place.
Marc Worthington
Lakeland, Florida
