Comment Text:
i0-001
COMMENT
CL-04757
From:
Sent:
To:
Subject:
Jeff Witt
Monday, February 1, 2010 7:08 PM
secretary
Regulation of Retail Forex
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W.,
Washington, DC 20581
Dear Mr. Secretary,
RE: ID number RIN 3038-AC61
As a retail forex trader, I would like to comment on your proposed margin requirement changes.
I find the current level of margin (100:1) to be completely appropriate. All investments carry risk, and
forex is no different. As an individual investor, I manage my risk through good analysis and tight
protective orders.
It comforts me to know that the CFTC is overseeing the forext brokers and is actively involved in the
regulation of these brokers. I am afraid that if you change the rules to 10:1 leverage, then I would need
to go oversees to continue to trade with 100:1 leverage. I do not want to do this. I prefer to remain in
the states with US regulators looking out for the investors.
Please leave the leverage on retail forex at 100:1.
Sincerely,
Jeffrey Witt
1723 E. John St.
Appleton, WI 54915
