Comment for Proposed Rule 75 FR 3281
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From:
Ryan Satterfield
Organization(s):
Comment No:
2252
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02252
From:
Sent:
To:
Subject:
Ryan Satterfield
Thursday, January 21, 2010 8:47 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
To Whom it May Concern:
I am writing to state my opinion on the CFTC proposed regulation for retail forex. As a forex trader I find the
proposal to change the leverage amount to a 10-to-1 limitation very discouraging. I believe each trader is
responsible for their own risk appetite, and should be held accountable for the risk they chose to take. Each
trader is fully aware of the risks involved in forex trading as the disclosures of such are posted everywhere. By
limiting the leverage to 10-tol, traders then lose the ability to fully manage the currently established risk and
reward ratios. I would ask that you please consider removing this restriction in the proposed regulation.
Thank you,
Ryan Satterfield
Pocatello, Idaho
