Comment Text:
i0-001
COMMENT
CL-05332
From:
Sent:
To:
Subject:
Guy Gleason
Thursday, February 11, 2010 6:55 PM
secretary
Regulation of Retail Forex
Dear Sirs,
I wish to recommend that the proposed regulation of leverage in Forex accounts as an all encompassing
regulation should not be done. This to some degree is a suppression on some of us who use the forex
market to supplement income, without having to have large equity in our accounts. With $900 in my
forex account, over the last year, i have increased this amount to nearly $3000, and I withdraw approx
$500 per month paying my utility bills.
As, like most, it took time and some education to understand the markets and leverage,and I myself lost
money, i can confidently say I am doing well and plays and integral part in my income,
Please do not change the leverage rules, this would be a disaster for many people and would force me to
move my account to abroad brokerage.
Thank you for your consideration
Guy Gleason
