Comment Text:
i0-001
COMMENT
CL-06471
From:
Sent:
To:
Subject:
Ken Shorrock
Sunday, March 7, 2010 12:12 PM
secretary
Regulation of Retail Forex
To: U.S. Commodity Futures Trading Commission (CFTC)
I want to express my opposition to the change in leverage for Forex Trading which will be brought
about by RIN 3038-AC61.
With the current 100:1 leverage (one percent) being a margin requirement of
$1,000 I am able to trade the Forex Market, but if you raise it to a 10:1 leverage (10 percent) the
margin requirement would rise to $10,000 and stop me from trading with the amount of assets I have
available to trade. If this regulation passes you will be hurting a lot of small investors and eliminate
their trading opportunities in Forex Market.
Ken Shorrock
