Comment Text:
i0-001
COMMENT
CL-06238
From:
Sent:
To:
Subject:
SEB EPA
Friday, March 5, 2010 1:50 PM
secretary
Retail Forex Regulations
I strongly object to the CFTC proposal to reduce the leverage on retail forex accounts.
I am a retired small business owner. The current recession has wiped out my retirement reserve.
I depend on retail forex trading to supplement my social security income.
The decrease of leverage, requiring $10,000 margins, will force me to close all my American
Brokerage accounts and open offshore forex trading accounts, which I do not want to do.
I join my Broker, GFT RIN 3038-AC61, in urging the CFTC to not make this change in retail
Forex trading.
Scott E. Bird
Scottsdale, Arizona
