Comment Text:
i0-001
COMMENT
CL-06207
From:
Sent:
To:
Subject:
brent newton
Friday, March 5, 2010 12:27 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Reducing leverage to a 10:1 limitation would drive retail forex customers from US dealers to foreign
based banks/dealers. The reduction in leverage would provide nothing meaningful in terms of US
economic stability, which I assume is the presumed goal of any banking or commodity trading
regulation.
Retail forex consumers are risking their own capital, the loss of which has no impact on the US
economy. This regulation would only make sense if it was in the context of banks being subject to a
10:1 leverage rule, where the capital of many people is at stake.
Thank you for your time.
RIN 3038-AC61
