Comment Text:
i0-001
COMMENT
CL-04810
From:
Sent:
To:
Subject:
Mike Bruno
Wednesday, February 3, 2010 6:28 AM
secretary
Forex Leverage
Please do not go through with the proposed 10:1 leverage change for
all forex brokers. Retail investors like myself trade forex because
of the high leverage available now. If this rule is accepted a large
number of retail investors including myself will open an account in
another country where we can continue to trade like we always have.
The new speculative investors you are trying to protect will do the
same.
I think this proposal will have a complete opposite affect of what you
are trying to accomplish here. You will wipe out the retail investor
market in the U.S. by trying to save ignorant people from themselves.
We're glad you are here but Please do not over regulate.
Mike Bruno
