Comment Text:
i0-001
COIMMENT
CL- 06492
From:
Sent:
To:
Subject:
Mike Newby
Sunday, March 7, 2010 5:39 PM
secretary
'Regulation of Retail Forex'
To Whom It May Concern:
I am writing with concern over the upcoming decision on 'Regulation of Retail Forex' identification number RIN
3038-AC61.
I feel the lowering of leverage for retail traders from 100 to 1 down to 10 to 1 would eliminate most of the retail
traders and by the same token would eliminate or severly cripple most of the US based brokers as well. I can see
limiting the leverage to 100 to 1 and not allowing 200 or 400 to 1 leverage.
To sum up I do not agree with limiting the leverage in the Forex market to 10 to 1 with regulation RIN 3038-AC61.
Thank You,
Mike Newby
