Comment Text:
i0-001
COMMENT
CL-04539
From:
Sent:
To:
Subject:
DUNG HUYNH
Saturday, January 30, 2010 12:32 AM
secretary
Regulation of Retail Forex
ID # R1N 3038 - AC61
Hello, Mr. Stawick
In regarding to CFTC proposed 10-to-1 leverage I think it's going to have a devastating impact on
retail forex trader as a whole because we do not have enough capital to meet the minimum
required margin. Just like in any trading vehicle, I understand that a required amount of leverage
must be met before a trade is initiated but the above proposed law does not make sense in my
opinion. Any trader must be aware of any risk associated with. One last thing I like to mention
if that legislation is passed it will destroy our country's well-known " the land of opportunity "
Thank you very much for your kind consideration.
Sincerely Yours,
Dung T. Huynh
