Comment Text:
i0-001
COIMMENT
CL-06096
From:
Sent:
To:
Subject:
GSIMONI
Friday, March 5, 2010 10:07 AM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
This is regarding RIN
3038-AC61
I am fully against any decision to lower the leverage to 10:1 versus what it is at now at 100:1.
There is no reason at all to lower the leverage. The CFTC would completely harm many
traders' income to make a living. We know the risks of leverage or else we wouldn't trade the
forex to begin with. The government does not need to interfere with the livelihood of traders in
this case.
Sincerely,
Gerry Simoni
Vista, CA 92083
