Comment Text:
i0-001
COMMENT
CL-06787
From:
Sent:
To:
Cc:
Subject:
Ron Dusty Rhodes
Thursday, March 11, 2010 7:17 PM
secretary
Ron Dusty Rhodes
Regulation of Retail Forex 3038-AC61
TO: The attention of David Stawick, Secretary of the CFTC
SUBJECT: Regulation of Retail Forex 3038-AC61
David, and to Whom it may concern,
I just want to add my voice in disagreement, and even
concern for any leverage change from *at least* 100:1
as I understand it is being proposed, to limit leverage as
low as 10:1 !
I am sure you have heard most of the arguments from
whatever side, and yet as one of them, you recognize
that this change will impact the US economy, by sending
money out of the country.
And many traders would make the decision to access
credible (but foreign) brokers with depositing funds
with them, instead of within our own USA..
Please, among may other reasons, allow us to keep
trading with USA brokers and keep our accounts in
the United States. Most all of us in the foreign currency
markets will not be able to continue to do so if the
leverage is lowered below 100:1 and what's more, so
low as 10:1.
Sincerely,
Ron Rhodes
510-845-0526
