Comment Text:
i0-001
COMMENT
CL-03530
From:
Sent:
To:
Subject:
Kirk Stem
Sunday, January 24, 2010 1:20 PM
secretary
Leverage Change
As an individual Forex trader I urge you please DO NOT change the leverage from 100:1 to 10:1. It
would totally ruin and eliminate the individual trader in the United States. Yet the rest of the world
would be able to continue to trade the purest of all markets, the Spot Forex. The Forex market has been
very successful in policing itself and no one is in danger of losing more than their account and typically
gets the trade(s) closed by the broker when the traders margin is hit versus other Future instruments
where you can lose more than the account balance. A blanket type of ruling would be short sided.
Again please DO NOT change the leverage from 100:1 to 10:1, it would eliminatge the individual trader
and kill a lot of dreams. Please contact me if you would like to discuss this from a newly successful
trader that this would eliminate. We did not cause the financial crisis and should not be lumped in with
it. Thank you for listening.
Take care,
Kirk H Stem
5743 Sentinel Drive
Raleigh, NC 27609
kirk. forex@gmail, com
919.302.1590
