Comment for Proposed Rule 75 FR 3281
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From:
Fred Macintosh
Organization(s):
Comment No:
1574
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01574
From:
Sent:
To:
Subject:
[email protected]
Thursday, January 21, 2010 6:14 AM
secretary
Regulation of Retail Forex
Subject: Regulation of Retail Forex
Hello CTFC,
I am the user group president for Wizetrade 4x based out of Los Angeles and also home for MB Trading
brokerage firm. I hear that you are planning a proposal to change the leverage of 4x brokers from 100:1 to 10:1.
This is a really bad idea and everyone I have talked to strongly opposes this type of drastic change because it
takes away almost all the freedom that traders like myself currently have. I am voicing my opinion on behalf
of the majority of traders in the Los Angeles area.
I hear that the proposed amendment is to help traders such as myself. I am saying directly to you that this is a
bad proposal and request that this proposed rule change be denied.
Fred Macintosh
1418 E. Walnut Ave
El Segundo CA, 90245
[email protected]
310-910-8599
