Comment Text:
i0-001
COMMENT
CL-04369
From:
Sent:
To:
Subject:
Michael Brown
Thursday, January 28, 2010 2:22 PM
secretary
10:1 leverage
You have already made disappointing changes to the FOREX trading rules. The anti-hedging and FIFO
were unnecessary for experienced traders. I had a successful trading system that I had to abandon
because of those rules. It took months to get my trading profitable again. Now you want to make this
change in the leverage. First you lowered it to 100:1. This was a big disappointment. Now you propose
10:1 leverage. Since I do not have a lot of money to trade this would stop my trading ability in the
FOREX market. Or at a minimum force me to open a trading account in another country that may not be
as regulated. This will end retail forex in the USA. 10:1 leverage will be the fatal blow to
the industry. The USA will shoot it's self in the foot and send more business abroad
once again.
v/r
Michael Brown
Fairfield CA.
