Comment Text:
i0-001
COMMENT
CL-06850
From:
Sent:
To:
Cc:
Subject:
Mike Regal (mregal)
Friday, March 12, 2010 6:07 PM
secretary
[email protected]; Mike Regal (mregal)
Regulation of Retail Forex
RIN 3038-AC61
I am against the proposal to subject US traders to a 10-to-1 leverage limitation. I've already had to swallow a 200-to-1 downto
100-to-1 leverage move based on NFA compliance. A move from 100-to-1 downto 10-to-1 would seal the deal. I would close
my brokerage account here in the US and do business with overseas brokers.
This is a bad for business proposal.
As a trader, I'm responsible for assessing the amount of risk I'm willing to take. While you may think you're protecting
irresponsible traders, there are many more responsible ones who understand the risks involved and can trade "within their
means".
I vote NO to this proposal.
Regards ... Michael Regal
