Comment Text:
i0-001
COMMENT
CL-06214
From:
Sent:
To:
Subject:
David Harkman
Friday, March 5, 2010 12:42 PM
secretary
Regulation of Retail Forex
Sir,
I am writing to voice my opinion of the proposed 'Regulation of Retail Forex', RIN 3038-AC61. It is my
feeling that this proposed resrtiction of levearage will greatly hinder the average retail forex trader that
uses an expert advisor for their trading strategy. Most ea's require at least 100:1 leverage while some
actually reguire 200:1. Limiting the leverage to 10:1 will only result in many smaller account holders to
transfer their accounts to an overseas broker. While you may think that you are "protecting" the retail
trader you will actually be hurting them from growing their accounts.
Please do not lower the leverag as proposed in RIN 3038-AC61.
Thank you,
David Harkman
