Comment Text:
i0-001
COMMENT
CL-01277
From:
Sent:
To:
Subject:
Stephen Rodgers
Wednesday, January 20, 2010 10:12 PM
secretary
Regulation of Retail Forex
This is in regards to RIN 3038-AC61; the regulation of retail FOREX, in particular the adjusting of the
Leverage down from a 100:1 ratio to a 10:1 ratio. In doing so you would in effect remove FOREX
trading as a viable option for many small time traders such as myself, who maintain trading
accounts of less then 510,000.00. I have been trading FOREX for years now on an 100:1 leverage
account and have not had any problems, so I'm curious as to why this change is being suggested?
Its certainly NOT in the interest of investors or the brokers who offer FOREX in the US. All this will
do is drive away customers like myself from US brokers to use foreign brokers who offer leverage up
to 1000:1. Personally I don't want that, I like the fact that I can trust my US brokers and that they
ARE regulated., however this change will make it impossible for me to continue trading using a US
broker.
I am against this change, and I think you will find the majority of FOREX investors will also be against
this change!
