Comment Text:
i0-001
COMMENT
CL-06171
From:
Sent:
To:
Subject:
Ryder
Friday, March 5, 2010 11:28 AM
secretary
Regulation of retail Forex
To whom it may concern,
I know many people (one of them being me) that have worked extremely hard for many years and
invested a great amount of money with the purpose of learning the Forex business. It has been a long
iourney and we have learned this business using the 1:100 leverage system. If such leverage changed to
anything that's less, it would cripple us in the business. Anything less would make it much more harder
for us to pursue the business, not to mention the damage it would do to Forex brokers...it would only
create more chaos in the economy by destroying jobs and businesses that have already been established.
I ask to please leave the leverage as is. If the reason why the CFTC wants to decrease the leverage is to
keep the novice traders away from risk, please use other methods to filter the novice traders such as
requiring a type of license etc. Thank you for reading this...and please I ask you to leave the leverage as
is, if it changes it will complicate the life of my family and I and many other people.
Thank you
Sincerely,
Mr. Lopez
