Comment Text:
i0-001
COMMENT
CL-06855
From:
Sent:
To:
Cc:
Subject:
Sandy
Friday, March 12, 2010 6:38 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
Dear Sir:
I am opposed to the proposed CFTC change of leverage to 10:1 for
US-based forex brokers. The only thing this rule would accomplish is
to force US traders to offshore brokerages which would put US traders at
greater risk.
The goal should be to help US traders be responsible and informed
traders. It makes more sense to require US traders to complete an
approved educational program than to decrease offered leverage to the
point where the average trader won't be able to meet account requirements.
Please reconsider this proposed rule and don't make this a country where
only the wealthy can trade forex within the US.
Thank you.
Sincerely,
Sandy Bose
