Comment Text:
i0-001
COMMENT
CL-00368
From:
Sent:
To:
Subject:
[email protected]
Monday, January 18, 2010 6:49 PM
secretary
Curent CFTC proposed limit of 10 to 1 for FOREX trading
Ladies, Gentlemen:
I am infomed that the CFTC is currently considering limiting leverage offered by NFA
registered brokers to a limit of 10 to 1. As a small FOREX trader, this limitation will mean an
unfair discrimination in my ability to improve my limited retirement income to offset the
predictable need in what is assuredly an inflation spiral. Why should traders with, say,
$100,000 risk assets available have such considerable advantage over me? I am
conservatively doing well with the 100 to 1 leverage my broker now affords me. Please do not
take away or diminish my ability to supplement my limited retirement income.
Your serious consideration of this, my plea, for fairness in trading will be most appreciated.
Respectfully submitted,
Roy T. Huffman
