Comment Text:
i0-001
COMMENT
CL-06514
From:
Sent:
To:
Subject:
Christopher Wolfe
Monday, March 8, 2010 1:15 AM
secretary
Regulation of Retail Forex
Dear Secretary,
The proposed regualtion to the foreign exchange retail market concerning reduction of the current leverage amount
of 100 to 1 down to 10 to 1 would immediatley decrease the ability of traders like myself to provide an income for
my family. The money we make is subject to income tax and thus provides our government with much needed
revenue. While there are those who should not be trading with such high margin and end up losing most of their
money, there are those that use common sense and do not. While I do believe increased regulation may help the
FOREX market place, I do not believe that a reduction in the amount of leverage afforded to those that trade this
market will be helpful, and in fact may push these accounts overseas where such restrictions do not exist.
Sincerely,
Chris Wolfe
Florida, USA
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