Comment for Proposed Rule 75 FR 3281
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From:
Paul J Ferrone
Organization(s):
Comment No:
1599
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01599
From:
Sent:
To:
Subject:
paulj ferrone@aol, com
Thursday, January 21, 2010 8:01 AM
secretary
Regulation of Retail Forex
Hello,
Regarding the proposed limit of 10:1 leverage: I agree that 200:1 and 400:1 are completely unnecessary and
may have an impact but reducing it all the way down to 10 would just destroy many peoples strategy's and more
importantly remove too much liquidity from the market. In the end all it will do is make every leverage trader take
their account over seas and eliminate tons of good paying American jobs. What else do you think it will
accomplish?
Thank you,
Paul
