Comment Text:
i0-001
COMMENT
CL-04782
From:
Sent:
To:
Subject:
ROBERT MILLER
Tuesday, February 2, 2010 12:42 PM
secretary
the 10:1 leverage proposal
Dear CFTC staff members, while I welcome your regulatory role in making sure forex brokers are
honest, transparent, and have enough operating capital, I disagree with your proposed 10:1 leverage rule.
I think that the decision should be left up to the individual forex traders. They are supposed to be using
risk capital for their trading anyway. Personally, I have an Oanda account and use 50:1 leverage, which
is just right for my risk tolerance. If your proposed 10:1 leverage idea turns into law, that would really
ruin what I have been working so hard to achieve. Also, I do not really want to have to open a forex
account in a foreign country such as the United Kingdom. Thank you for your consideration. Sincerely,
Robert Miller
