Comment Text:
i0-001
COMMENT
CL-04326
From:
Sent:
To:
Subject:
joe manuse
Thursday, January 28, 2010 7:00 AM
secretary
Proposed Leverage Changes for Retail Forex Market
Hello,
I am writing to express my view that limiting the leverage for retail Forex trading is not a good idea and
I as a professional retail Forex trader do not support it. Rather than make this a long email, I would point
out that I simply will close my US account and open one outside the country. With our lagging
economy, I can't understand why this regulation makes any sense. Those whom it is intended to protect
are a very small minority of traders overall, and for the most part are well informed as to the nature of
the risk involved in trading retail Forex, and I cannot see how this would have any impact whatsoever on
the markets or its wide range of participants.
Best regards,
Joe
