Comment for Proposed Rule 75 FR 3281
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From:
Ben Rodriguez
Organization(s):
Comment No:
2143
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02143
From:
Sent:
To:
Subject:
Ben Rodriguez
Thursday, January 21, 2010 7:30 PM
secretary
REGULATION OF RETAIL FOREX
Good evening,
As an active trader I wanted to express my concern over potential new regulations that would limit the
amount of leverage that could be taken on in retail forex trading. The leverage is what makes this such
an appealing investment alternative to smaller investors. The other thing is that it enables many
investors to make a living trading. Taking the 100:1 leverage option away would only take away choice
for the smaller investor and would not help them, but harm them. The Forex broker that I deal with
gives us the opportunity to become educated on the market and understand it's risks. As long as the
risks are communicated, which they are, and an individual knows what they are getting into it will
preserve choice for everyone. Thanks for taking the time to read my opinion.
Sincerely,
Ben Rodriguez
Cleveland, OH
216-210-6922
