Comment Text:
i0-001
COMMENT
CL-05029
From:
Sent:
To:
Subject:
Peter Dominguez
Thursday, February 4, 2010 9:12 PM
secretary ; 'Ryan Gallavin'
Request
Dear David Stawick, Secretary:
As a participant member of GFT FOREX I am here requesting that your wanting to change RIN 3038-AC61 be reconsidered.
It appears that this change will force me out of trading because the leverage rule is substantially too low to participate in
trading. If your change is to control the house abuses than a different change can be made to control that side of the house
and not the participants. I do not know what you have in mind in said rule and it would be interesting and allow me to deduce
what the intent of the issue is by the regulation. It would be helpful to know. I don't believe in punishing a single party to
punish the world. The following line is what is in question:
The 'Regulation of Retail Forex' is in the ID number RIN 3038-AC61 and in the body of the message. As a Forex trading
customer, my feelings to the CFTC are, that this 10:1 leverage rule must not stand, or my ability to trade Forex on a leverage
basis will end.
Thankyou.
