Comment Text:
i0-001
COMMENT
CL-00884
From:
Sent:
To:
Subject:
Ray Carini
Tuesday, January 19, 2010 11:59 PM
secretary
RIN3038-AC61 Comments
I wish to make a comment regarding proposed rule-making regarding the retail Forex market.
I fully support the proposed limitation of leverage to 10:1 I feel that much of the volatility in the market is due to
the very high leverage currently available. I also feel that the typical 100:1 leverage currently existing allows
excessive risk, especially for new traders.
I understand that the danger in this regulation is that some traders may open offshore accounts that would not be
subject to the 10:1 limitation and I strongly encourage you to work with the regulators of other major countries to
attempt to persuade them to enact similar regulations.
Raymond A Carini
24405 222
nd
Ave SE
Maple Valley, Wa. 98038
