Comment Text:
i0-001
COMMENT
CL-06874
From:
Sent:
To:
Cc:
Subject:
Keith R. Snyder
Friday, March 12, 2010 6:59 PM
secretary
[email protected]
Regulation of Retail Forex
Mr. Stawick,
I'm writing regarding RIN 3038-AC61, which proposes to limit leverage to forex account to 10:1 for US
customers. This would limit trading for smaller retail customers to the point it would be pointless to
invest. This is a nonsensical regulation due to the fact that transactions are limited by the amount of
one's account. Additionally, there is no evidence that leverage in forex account contributed to any of the
problems our financial structures are facing. You are proposing regulation that only creates problems.
Aren't there other things that need your attention?
Please leave the forex alone. It's doing just fine without your "assistance."
Keith Snyder
Houghton, MI
