Comment Text:
i0-001
COMMENT
CL-04689
From:
Sent:
To:
Subject:
Mietek Boksz
Sunday, January 31, 2010 6:30 PM
secretary
Regulation of Retail Forex
RIN3038-AC61
Sir,
I am greatly concerned about your plans to further regulate the Retail Forex market.
I am especially troubled by the following language in your proposal : "leverage in retail forex customer
accounts would be subject to a 10-to-1 limitation". - I strongly feel this would quite a bad idea.
I think investors in this country should be able to decide for themselves the amount of leverage that
would be appropriate for them. It would also put US Forex retail firms at huge disadvantage, as such
regulation would force virtually everyone to use foreign services. I also feel US Retail firm are already
at some disadvantage as they are prohibited to offer hedging capabilities anymore.
This situation would affect the economy and tax revenue as there would be less Forex businesses paying
taxes.
Regards,
Mietek Boksz
44 Channing Dr
Ringwood, NJ 07456
