Comment Text:
i0-001
COMMENT
CL-00796
From:
Sent:
To:
Subject:
kcsasaki@roadrunner, com
Tuesday, January 19, 2010 6:58 PM
secretary
Proposed Regulatory Change:
Regulation of Retail Forex
This is in response to the U.S. Commodity Futures Trading Commission (CFTC) announcement on January 13, 2010 that
seeks public comment on proposed regulations concerning retail forex trading.
I am a forex trader and object very strongly to that of the proposed regulations that states, "leverage in retail forex customer
accounts would be subject to a 10-to-1 limitation," which would severely affect me and, I am sure many other forex traders in
the U.S.
It is difficult enough to find a good trading house in the U.S. without seeking one outside the U.S. but this change would
drive me to seek foreign retail trading houses not regulated by the U.S.
As an active trader I believe that all traders should have the right to choose the amount of leverage that is appropriate for
his/her risk appetite, and that this basic principle of 'choice' is being threatened by the proposed CFTC regulations.
Kathy & Chet Sasaki
(909) 599-5551 Fax (909) 599-6444
