Comment Text:
i0-001
COMMENT
CL-05048
From:
Sent:
To:
Subject:
Jeff & Barbara Yates
Friday, February 5, 2010 10:42 AM
secretary
Regulation of Retail Forex
If the leverage allowance in FOREX trading is reduced to 10/1 it will
likely significantly restrict U.S. generated trading while encouraging
successful FOREX traders to look outside the USA for a brokerage firm.
Such firms are readily available, with the end result being that our
regulatory entities could well lose lose some amount of control over
U.S. FOREX trading, not to mention a possible reduction in tax revenues.
I've read your proposed regulatory changes and I have no problem except
for the above mentioned issue. I would therefore recommend that
leverage allowance be left as is.
Thank you,
William J. Yates
