Comment Text:
i0-001
COMMENT
CL-04935
From:
Sent:
To:
Cc:
Subject:
Dr.R.P.Puranik
Thursday, February 4, 2010 6:42 AM
secretary
Dr R P Puranik
Regulation of Retail Forex
Dr.Raghavendra.P.Puranik
Bangalore
India
To:
The Secretary
U.S. Commodity futures Trading commission
Washington DC
Sir,
I would like to voice my opinion regarding the proposed regulation that would reduce the leverage for forex
traders in USA. The regulation, we believe, will bring down the leverage to 10:1 limitation.
While we believe that increased regulation brings credibility to our growing industry, this proposal
jeopardizes the freedom of individuals to choose their desired risk, directly affecting all traders who consider
leverage paramount to their trading strategy. The result was the same when CFTC banned hedging in Forex
trading last year.
I feel strongly about maintaining the leverage which we enjoy now with the USA broker and urge
CFTC to maintain the status quo.
Thanking you
Yours faithfully
Dr.Raghavendra.P.Puranik
www.rppuranik.webs.comi0-001
COMMENT
CL-04935
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