Comment Text:
i0-001
COMMENT
CL-01776
From:
Sent:
To:
Subject:
Dan Amatulli
Thursday, January 21, 2010 11:41 AM
secretary
Regulation of Retail Forex
To whom this may concern:
This email is in response to an email I received from my retail forex broker, MB Trading, regarding the
CFTC proposed changes to the retail forex market, specifically the leverage ratio available to retail
customers.
I have been unemployed since November 2009. The only thing that has kept me and my family from
losing everything we have has been my forex trading. I have been trading successfully since August
2008, and most recently have seen a significant increase in my trading account due to my recent
unfortunate situation.
If the available leverage were to shrink to 10:1, I wuold not be able to support my family and our
monthly expenses. I understand that tighter enforcement is needed, however it should not be at the
expense of the retail consumer. These changes would negatively impact tens of thousands of successful
retail forex traders.
Please do not make these proposed changes that would absolutely undermine my ability to support my
family. I know that these changes are meant to protect the investors, but it does so at the expense of
people like me who are trying to make a living and trying to keep my family afloat.
I hope that the CFTC does the right thing.
Best
Dan Amatulli
516-385-1205
