Comment Text:
i0-001
COMMENT
CL-04641
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Subject:
Magdiel Agosto
Sunday, January 31, 2010 4:55 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Please do not change the leverage rules to 10:1 from 100:1. This would place me and many
others at a great disadvantage. Ever since I lost my job, I cannot find work even with a PhD
degree. For health reasons I also cannot continue to work in my respected field. Forex provides an
avenue for real income in a dismal job/career environment. By lowering leverage, you are
discriminating against the "little guys".
Don't punish us for the "sins" of larger banks and US government practices "forcing" banks to issue
sub-prime mortgages to those who could not afford them.
Also, I currently self-regulate leverage by choosing what fraction (0.2-1.0, etc) of a full lot I buy or
sell.
If you lower leverage and increase margin, US citizens will be forced to invest abroad. You would
be giving other nations the advantage and making the US less competitive.
Thank you,
Magdiel Agosto
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