Comment Text:
i0-001
COMMENT
CL-05335
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Sent:
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Subject:
cplewi s@charter, net
Thursday, February 11, 2010 7:20 PM
secretary
Proposed 10 to 1 regulation
The proposed 10 to 1 regulation of the Forex market in the US would be a huge mistake!
I have been trading the Forex market for four years and the US market is feeling the pressure of too much regulation now. I
have seen many professional traders that I blog with, move accounts and even relocate to other countries to escape over
regulation.
If 10 to 1 leverage is the max under US regulated Forex firms we will see a huge amount of money and businesses leave this
country. Remember the Forex Market is by far the largest traded market in the world.
The forex market has done nothing to cause all the financial melt downs that has occurred the past two years and if anything
an argument could be made that the free and open exchange of currencies has help stabilize things.
Keep the 100 to 1 leverage as the max!
Carey Lewis
Greenville, SC
