Comment Text:
i0-001
COIMMENT
CL-05166
From:
Sent:
To:
Subject:
Timothy Carroll
Monday, February 8, 2010 11:34 AM
secretary < secretary@ C FTC. g ov >
10:1 Leverage in Forex
I think if you want to make 10:1 leverage available to traders, then that's fine; however, it should
not be the ceiling limit. The current regulated limit for NFA regulated brokers is 100:1 and that isa
perfectly safe and managable leverage, especially since most brokers offer trading microlots and
smaller. Already, many American traders have become frustrated with the latest rule changes and
have moved their money to overseas brokers who offer 500:1 leverage, no FIFO restrictions, and
no Hedging restrictions.
Mark my words, if you over-regulate this market you will uneven the playing field. And you had
better call the treasury and tell them to start printing alot more money because the giant sucking
sound you hear will be the U.S. traders and bankers moving all of their money to overseas
brokers where they can get more bang for their buck. I am a patriot, a proud U.S. citizen, a
former U.S. Naval Officer, and I would hate to see my countrys' economy be sucked further down
the drain. Please, do not regulatea maximum of 10:1 leverage.
Hotmail: Trusted email with powerful SPAM protection.
Sign up now.
