Comment Text:
i0-001
COMMENT
CL-04785
From:
Sent:
To:
Subject:
ROBERT MILLER
Tuesday, February 2, 2010 1:38 PM
secretary
Regulation of Retail Forex
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 proposal turns into law, that would
really ruin my trading syle, which I have been working on for so long. Also, I do not really want to have
to open a forex account in a foreign country such as the U.K. Thank you for your consideration.
Sincerely, Robert Miller
3314 Continental Dr., Missouri City, Texas 77459 Telephone:281-
261-0153
