Comment Text:
i0-001
COMMENT
CL-05295
From:
Sent:
To:
Subject:
Jay.
Wednesday, February 10, 2010 8:29 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
To whom it may conern,
This new propsal of 10:1 leverage is not at all fair.
Previously the leverage came down from 400:1 to the current 100:1. This has already impacted
many traders and will continue to do so if the leverage is changed again. This will make it very
hard for traders to contiune trading.
Trading for many people is a income which helps out with there already existing expenditures, in
this current climate it helps small traders manage other existing debts and encourages more reatil
spending. Which is very beneifcal for the economy and acts as a self stimulas.
I urge you to rethink this proposal and ammened the leverage so that it benifits both traders and
the economy.
Yours Faithfully
J Chitroda
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