Comment Text:
i0-001
COMMENT
CL-06376
From:
Sent:
To:
Subject:
Thomas Grant
Saturday, March 6, 2010 10:24 AM
secretary
Regulation of retail forex
Dear Sir/Madam, I'm writing to express my opinions on the proposed changes to the retail forex leverage
requirementsRin 3038-ac61.
I am a retail individual forex trader that cannot afford the margin requirements in the stockmarket. My only hope
of earning money is because of the current leverage of 100:1 threshold offered by most forex brokerage firms. I am
unemployed and the only prospects for earning money is in the forex market place.
If the new leverage requirement is changed to 10: 1, I will no longer be able to remain in the the forex market. I'm
sure that many other traders are in the same position and I strongly urge you to reconsider changing the current
leverage.
Sincerely, Thomas Grant
