Comment Text:
i0-001
COMMENT
CL-05365
From:
Sent:
To:
Subject:
Rob Potter
Sunday, February 14, 2010 2:54 PM
secretary
Regulation of Retail Forex
Opposed to RIN 3038-AC61
This proposal of 10:1 leverage will only will hurt the individual trader as it will cause them to trade with a
greater risk amount of their account and will force many out of the business. I have traded forex for several
years and have always been responsible for the amount I risk per trade. I have always preferred mini
accounts with 200:1 leverage as I could trade with a 2% amount of my account. This was then destroyed
when it was changed to start trading with 100:1 leverage and then caused more losses. I will no longer be
able to trade with your new restrictions.
This proposal was not requested by retail traders or the brokers of the industry and will only hurt the US
trading capital and our position in the global trading arena. I have also spent countless money on trading
systems that only work with the current leverage that you will also render useless, thus stealing my money
from my years of investment in this market I have chosen. Who are you really trying to help, big business or
the small trader??
