Comment Text:
i0-001
COMMENT
CL-04137
From:
Sent:
To:
Subject:
Jim Johnson
Tuesday, January 26, 2010 6:50 PM
secretary
Regulation of Retail Forex
Dear Secretary,
I am presently 55.5 years old and nearing retirement age. I am an experienced trader and actively trade Retail
Forex on a daily basis.
I allocate profits between providing current income to help pay off debt in these few remaining working years and
to fund my retirement savings account.
My experience has shown me that the currently leverage of 100:1 is safe, low risk and gives me the opportunity to
meet my income goals using a trading account of $5000 or less.
Changing the leverage to 10:1 will severally restrict my income earning potential to meet my income goals which
will limit my retirement opportunity.
Therefore, I wish to express that I am against the change to cap leverage at 10:1.
Regards,
James R. Johnson
1014 Ponderosa Way
Rock Springs, WY 82901
307-221-4709
[email protected]
