Comment for Proposed Rule 75 FR 3281
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From:
Juan Cantor
Organization(s):
Comment No:
1677
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01677
From:
Sent:
To:
Subject:
Juan Cantor
Thursday, January 21, 2010 9:54 AM
secretary
Regulation of Retail Forex
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Dear Mr. Stawick:
Just a brief letter to voice my concern to reduce the leverage in retail forex customer accounts to 10:1 (identification number
RIN 3038-AC61).
I believe that all traders should have the right to choose the amount of leverage that is appropriate for his/her risk appetite,
and that this basic principle of 'choice' is being threatened by the proposed CFTC regulations.
This said, I opposed the proposed leverage regulation in retail forex accounts from 100:1 to 10:1.
Thank you very much for your kind attention to this letter.
Yours truly,
Juan Cantor
