Comment Text:
i0-001
COIMMENT
CL-06236
From:
Sent:
To:
Subject:
JIM CONNEELY
Friday, March 5, 2010 1:39 PM
secretary
Fw: Comments on Proposed Regulations Regarding Retail FOREX Transactions
Sir,
Re : RIN 3038-AC61
As a trader with a number of years experience in the retail forex market I would fully agree that
the need for regulation is absolutely necessary with regard to brokerage practices. I do however
have to say that I would strongly disagree with the proposal to limit leverage at a maximum of 10
to 1. This figure is far too low and surely a sensible and workable solution would be a 50 to 1
maximum leverage. I would ask you to kindly consider this.
Yours Sincerely,
Jim Conneely.
