Comment Text:
i0-001
COMMENT
CL-06786
From:
Sent:
To:
Subject:
Steve Fortier
Thursday, March 11, 2010 7:02 PM
secretary
"Regulation of Retail Forex 3038-AC61"
Dear Mr. Secretary,
I'm writing this letter as a request to NOT implement the 10-1 leverage rule in "Regulation of Retail Forex 3038-AC61"
I'm a small hobby trader and cannot afford to use 10-1 leverage. I'm afraid if this rule is implemented, I will have to find an
overseas broker.
All USA traders and trader newsletters state the same thing... What this rule is doing is forcing United States traders to spend
their money overseas. The FIFO rule was bad enough, I'm afraid this leverage rule will do even more damage to the USA
trader.
Why do this? Isn't it time to keep our money in this country?
I'm a 20 year retired and disabled US Air Force Veteran. It breaks my heart to see so much of our economy go overseas.
Thank you for taking the time to read this email.
Regards,
Stephen K. Fortier
