Comment Text:
i0-001
COMMENT
CL-06745
From:
Sent:
To:
Subject:
Jasper Klootwijk
Wednesday, March 10, 2010 5:15 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
In my opinion the restriction of forex leverage to 10:1 is out of place. Considering the number of Forex frauds
published on the CFTC website it is difficult for me to understand how consumers are protected by having to place
more money with Forex firms. Persons in the Forex markets understand the risks and the way of the market. Yes,
there are people who don't take the time to learn and lose there money, but they can lose the same amount in the
casino. This rule is killing a lot of retail investors and potentially taking income from them that they have to
generate somewhere else, or have to borrow money to cover for this. This may result in problems with a similair
magnitude on a personal level but in a different area, therefore shifting the problem to another area rather then
solving it.
I sincerely hope CFTC will not effectuate this specific article of the regulation proposal.
Regards,
J. KIootwijk
Netherlands
