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Comment for Proposed Rule 75 FR 3281

  • From: Michael E Gaudio
    Organization(s):

    Comment No: 3057
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03057
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Friday, January 22, 2010 10:33 PM
    secretary
    Regulation of Retail Forex
    Dear Sir or Madam:
    I strongly oppose the regulation being considered to lower Forex leverage from 100:1 to 10:1
    for all NFA and CFTC regulated Forex firms. Such a regulation would clearly disadvantage
    firms in the United States and, ultimately, the individual traders. I would sincerely appreciate
    your leaving leverage levels for the Forex market at 100:1.
    Thank you for your consideration in this matter.
    Sincerely,
    Michael E. Gaudio, Esq.