Comment Text:
i0-001
COMMENT
CL-04838
From:
Sent:
To:
Subject:
Barry and Paulette Hines
Wednesday, February 3, 2010 7:26 PM
secretary
Regulation of Retail Forex
Sirs,
I would like to voice my disapproval of your proposed leverage rule change. I have been trading
retail forex for many years, and my trading would be severely limited if you were to adopt this
change.
Although I do not personally trade at 100:1 leverage for my position trading, there are times
when it has been helpful to me when short term trading to use higher leverage amounts.
This change, if adopted, will force myself and a huge percentage of US based traders to
move their FX accounts to offshore brokers where they are not restricted.
Obviously, this rule would have very unprofitable consequences for all US brokers.
Thank you for your consideration.
Barry
