Comment Text:
i0-001
COMMENT
CL-07021
From:
Sent:
To:
Cc:
Subject:
Norman Levig
Friday, March 12, 2010 9:08 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
According to the CFTC, "leverage in retail Forex customer accounts would be subject to a 10-to-1
limitation," which means 10:1 leverage would be the maximum amount allowed for Forex traders
in the U.S.
It is not reasonable to impose this limitation of leverage on all retail traders because of the abuse of this
privilege by those traders who were uneducated or greedy in their application of leverage. What is
required here is a co-ordinated effort to work with the brokers in finding a more realistic solution and
also educating their clients in the proper and responsible use of leverage.
