Comment Text:
i0-001
COMMENT
CL-04896
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[email protected]
Wednesday, February 3, 2010 10:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name Adam
last_name Roper
address1 P.O. Box 7482
city The Woolands
country United States
us state TX
zip 77387-7482
company
I have read the rule proposal and I believe the intent is to protect traders from various forms
of abuse. I have an appreciation for this type of protection however the leverage limitation is
essentially protecting a trader from himself. That type of regulation is only interference where
it is not wanted.
I am a full time trader making a living in the retail forex market. This proposal would severely
limit my ability to be successful.
I believe that the protective parts of the proposal are a good thing but I am against any
change in leverage capacity. The brokerage that I use has a plethora of video tutorials and
reading material for a person to become very versed in the usage of leverage. There are
also, of course, many free quality tutorials available on the internet.
Please stop the motion to limit the leverage!
