Comment Text:
i0-001
COMMENT
CL-04739
From:
Sent:
To:
Subject:
C.W. & JoAnn
Monday, February 1, 2010 4:19 PM
secretary
Regulation of Retail Forex
In
reference to RIN 3038-AC61.
The proposed regulation includes numerous proposed changes that I agrees with, and that will be good for
the U.S. forex industry. The portion of the proposed changes, that I disagree with, especially as it pertains to
reducing the maximum amount of leverage to 10 to 1 (10 percent). This would restrict all the forex traders
like myself who are trying to supplement their income in these hard economic times. We cannot afford the
10-to-1 limitation. This part of the regulations would be unfair to all traders who cannot afford the margin
requirement of $10,000. This will send Americans who trade in the forex market to foreign companies and
could destroy the reputable trading companies in this country.
Thanks for your consideration in this matter.
]o Ann Banks
