Comment Text:
i0-001
COMMENT
CL-04833
From:
Sent:
To:
Subject:
Scott Beyer
Wednesday, February 3, 2010 6:52 PM
secretary
Regulation of Retail Forex
David Stawick and the CFTC:
With the potential new regulations being put in place for
foreign exchange trading I wanted to make my feelings clear. I have
absolutely no problem whatsoever with registering brokers and having
an expectation of minimal capital from brokers. I do however have a
real problem with the new proposal of a maximum leverage of 10:1.
There is absolutely no reason to regulate how much someone could or
couldn't leverage. That is between the trader and their banking
institution. The leverage rule is a overregulating. I would be
deeply disappointed to see that put into effect. Leave the American
people to decide how much they want to risk their own money.
Sincerely,
Scott Beyer
