Comment Text:
i0-001
COMMENT
CL-01059
From:
Sent:
To:
Subject:
Max Day
Wednesday, January 20, 2010 5:16 PM
secretary
Regulation of Retail Forex
Dear Secretary,
As part of the proposed regulations, it is stated: "leverage in retail
forex customer accounts would be subject to a 10-to-1 limitation,"
which means 10:1 leverage would be the maximum amount allowed for all
Forex traders in the U.S. This could adversely affect the margin
requirements for all traders in the U.S and thereby cripple this
sector of the economy.
We stand behind the belief that you should be given the freedom and
right to choose the amount of leverage that is appropriate for your
individual desired risk, and that this basic principle of 'choice' is
in jeopardy by the proposed CFTC regulations.
Therefore we respectfully request the CFTC to reconsider changing the
current leverage regulation, and that our choice be preserved.
Max Day
Manager
Fidelis Trading LLC
832-330-4849
