Comment Text:
i0-001
COMMENT
CL-00638
From:
Sent:
To:
Subject:
HENRY LEE
Tuesday, January 19, 2010 2:08 PM
secretary
LEVRAGE
Sir:
We need more leverage rather than less. Actually to protect investors from being taking
advantage of by unscrupulous brokers, the cftc should allow more leverage rather than less. I
have my account cleaned out by unscrupulous brokers at least three times in my trading
career, not from bad trading but from margin calls from these unscrupulous brokers, only to
see trades in my direction of play after my account has been cleaned out by margin call. We,
traders, know how to handle risks ourselves, and we don't need anybody including you to
meddle with our own affairs.
By the way, if you really have our interests at heart, and not as a pretense to gang up with
forex brokers to clean us all out, you should remove the leverage rule, or at least to allow
leverage of at leat 400:1 .
Henry Lee
