Comment Text:
i0-001
COMMENT
CL-00208
From:
Sent:
To:
Subject:
Russ Goddard
Saturday, January 16, 2010 9:32 PM
secretary
Regulation of Retail Forex
I have recently became aware of new pending regulations, one of which I am very concerned about. The one in
question is the one limiting account leverage to 10:1. This change will negate the primary reason why I trade
Forex. I certainly can understand the concern for the risk of leverage but, is it not the responsibility of every
trader to practice appropriate money management? Limiting leverage to 10:1 will restrict the profit potential
such that trading is not a viable activity for small traders such as myself. I hear where others see the only
remaining option is a transfer of their trading account to an international broker. Personally, I am not
comfortable with that option but may have to pursue it to continue to trade. I urge you to consider a more
trader friendly leverage limit such as 100:1.
Regards
Russ Goddard
