Comment Text:
i0-001
COMMENT
CL-02153
From:
Sent:
To:
Subject:
Valerie Reed
Wednesday, January 20, 2010 11:18 PM
secretary
New leverage requirements
To whom it may concern;
If the US Commodity Futures Tradin Commission goes ahead with their proposed regulations concerning retail
forex trading as described below, it will almost completely keep
all the small traders out of the market and maybe that is your goal, but it seems like even if l don't have enough
money to "play with the big boys" I should have the opportunity
to use what I have financially to trade in the market. To change the leverage to 10:1 will essentially take away all
opportunity to the small traders.
Why would you do that to people? We should be able to choose the leverage we wish to use if we decide to trade
forex.
Thank you,
Valerie
The U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is
seeking public comment on proposed regulations concerning retail forex trading.
As part of the proposed regulations, "leverage in retail forex customer accounts would be subject to a
10-to-1 limitation," which means 10:1 leverage would be the maximum amount allowed for forex
traders in the U.S.
An example of how the proposed regulatory restrictions would affect a maj or currency pair appears
below:
