Comment for Proposed Rule 75 FR 3281
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From:
Adan Lerma
Organization(s):
Comment No:
431
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00431
From:
Sent:
To:
Subject:
Adan Lerma
Tuesday, January 19, 2010 10:06 AM
secretary
'Regulation of Retail Forex' - Identification number R1N 3038-AC61
Dear Sirs,
As a beginner in investing in currencies via forex (I am currently using GTF), I don't believe retail
accounts should be restricted so severely, from 100:1 leverage, to 10:1 as proposed.
This proposed change would mostly and most adversely affect retail accounts, such as mine.
All investing, requires responsibility on the part of the investor; while the broker should clearly have any
investor, retail or not, acknowledge the risks and state that those risks are understood.
Beyond that, it is unfair, to people such as myself, just beginning to be able to experience what those
with much more funds than I, have enjoyed for so long.
I hope you will consider that, having the investor sign or notate acceptance of the risks involved, in a
clearly designated manner, is more the answer for the opportunity to have a free market experience for
those as myself.
Thank you, sincerely,
Adan Lerma
Adan Lerma
www.adanlerma.com
