Comment Text:
i0-001
COMMENT
CL-00044
From:
Sent:
To:
Subject:
Cynthia Wright
Friday, January 15, 2010 1:07 AM
secretary
Regulation of Retail Forex
What is the purpose of capping the leverage on an investor to 10:1 except to steal from him choice and freedom to make his
own investing decisions. It also increases the startup capital required to have the ability to generate ~noney in the forex
market. There are familes, men, women, and their children that depend on forex as an extra source of income. You are
stealing that away with an communist intervention of the free capital markets. I am appalled, shocked, and almost
speechless by the thought of this proposal by the CFTC. I strongly oppose it. The limit should remain 100:1. Which I even
oppose such a limit as it is once again communist and will surely lead to the economic destruction as investors will lose
more by having huge accounts and increase risk exposure than with smaller accounts.
