Comment Text:
i0-001
COMMENT
CL-05404
From:
Sent:
To:
Subject:
Jose Harvin
Tuesday, February 16, 2010 1:07 PM
secretary
Regulation For Retail Forex
regarding- RIN 3038-AC61
Hi there,
As a retail investor I am requesting the 100:1 leverage remain.
This leverage allows less capitalized smaller traders enter the market. The key that the CFTC can
implement is having borkers require new clients complete a risk management course to open an
account. I only risk a percentage of my account on any given trade, so the amount of leverage used is
never a burden to my account balance. Smaller leverage will force me to have to find more capital to tie
up in a brokers account.
Again the current 100 tol leverage allows for smaller less capitalized traders into the market. With
lower leverage, we revert to allowing access to the big money only and taking control of our investments
in currencies out of the small investors hands and forcing us to the will of large institutions.
Those are my thoughts.
