Comment Text:
10-001
COMMENT
CL-06425
From:
Sent:
To:
Subject:
flynn wallace III
Saturday, March 6, 2010 8:21 PM
secretary
Regulation of Retail Forex
I do not believe the proposed regulation of setting leverage in retail forex custo~ner accounts to a 10-to-I limitation is a good
idea. This will severely limit the number of customers that can enter the forex money market as well as cut down on a major
source of income for many. By lowering the leverage to such a small amount it will only cut out those individuals that can
not afford the high margins. Also it will make cut down on the number of individuals that can even enter the market. There
are numerous small time retail customers that make decent earnings with accounts that leverage over 10-to-1.
RIN 3038-AC61
