Comment Text:
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COMMENT
CL-06090
From:
Sent:
To:
Subject:
Allen Blevins
Friday, March 5, 2010 9:57 AM
secretary
Proposed Regulation of Retail Forex
This is a comment on the proposed regulation of retail forex, RIN 30-38-AC61, whereby the maximum leverage
allowed would be reduced to 10 to 1. The current leverage used is 100 to 1 and it allows retail forex traders to
make a living with this leverage. If the maximum leverage is changed to 10 to 1 it will eliminate the ability of the
average retail forex trader to make a living. In the current economic conditions I do not think it is wise to
eliminate additional means of making a living for people in the United States. If such legislation is passed the
more advanced traders will be forced to look outside the United States to continue trading. Once again
government regulation will eliminate and industry or require it to leave the United States.
Thank You for considering my comments,
Allen Blevins
