Comment Text:
i0-001
COMMENT
CL-04144
From:
Sent:
To:
Subject:
Mary Verner
Tuesday, January 26, 2010 7:20 PM
secretary < secretary@ C FTC. g ov >
Against the new 10:1 leverage proposal
Dear Secretary Stawick,
Iam writing in regards to the newCFTC rules regulating retailforex. Iwantto let you know that I
am
strongly opposed
to the 10:1 leverage rule.
This rule will drive traders to open accounts offshore and will result in U.S.
forex dealers going
out of
business.
Fraud will get worse, jobs will be lost and forex traders will be forced to open
accounts overseas when they could trade in a well regulated market here at home.
Please reconsider your position. This rule will do tremendous damage to traders and dealers alike.
Thank you for your consideration.
Sincerely,
Mary Verner
