Comment Text:
i0-001
COMMENT
CL-00206
From:
Sent:
To:
Subject:
Souphanh Bouttavong
Saturday, January 16, 2010 8:10 PM
secretary
Regulation of Retail Forex
I strongly oppose the proposal to change leverage to 10:1. I was ok when the NFA forbid hedging, since
I do not hedge.
When the NFA change the trading to FIFO, I was extremely angry. Strike One.
Later they lower leverage to 100:1. Strike Two.
Now CFTC want to lower leverage to 10:1. Strike Three.
Say good bye to the slogan " Buy America", because that's what you are doing for the small trader.
I'm going to transfer my account offshore asap. If this proposal does not pass then I will move my
account
back to US broker.
Thank you,
Souphanh Bouttavong, mini account trader
