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Comment for Proposed Rule 75 FR 3281

  • From: Lourdes Cuervo
    Organization(s):

    Comment No: 6694
    Date: 3/9/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-06694
    From:
    Sent:
    To:
    Subject:
    lourdescuervo@lourdescuervo, com
    Tuesday, March 9, 2010 4:58 PM
    secretary
    Regulation of Retail Forex
    At a time when jobs are scarce, credit more so, and lending in general has been decimated, those of us
    relying on our knowledge of world events, technical analysis and a bit of cash to extract some pennies
    from global markets will be serverly handicapped by the 10:1 leverage proposed by the US Commodity
    Futures Trading Commission.
    How does this proposal compare to the leverage options retail traders have in other parts of the world?
    Will the myopic resolution hurt yet another vibrant US market?
    Lourdes Cuervo
    Coral Gables, FL 33146
    Direct Line: 305-790-4222
    Fax: 305-461-2854
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