Comment Text:
i0-001
COMMENT
CL-05031
From:
Sent:
To:
Subject:
Dean Rawlins
Thursday, February 4, 2010 9:32 PM
secretary
Proposed 10-1 leverage limitation on retail forex
Hello,
I am writing to comment on the recently proposed limit of 10-1 leverage in the retail forex market.
While I can understand the need to regulate the brokers in a market like this, it seems a bit excessive to
also punish the smaller retail traders who rely on higher leverages in order to be able to make any
significant profit. If there is a higher risk of traders losing more money because of the current 100-1
leverage then that is a risk they choose to take, and shouldn't adversely affect those traders who are able
to make consistent profits. As I'm sure many other traders and brokers have also done, I would like to
ask that the CTFC reconsider this particular aspect of its proposal.
Sincerely,
Dean Rawlins
