Comment Text:
i0-001
COMMENT
CL-07037
From:
Sent:
To:
Cc:
Subject:
Gregory M Powell
Friday, March 12, 2010 9:30 PM
secretary
[email protected]
Regulation of Retail Forex - regarding RIN 3038-AC61
Re garding RIN 3038-AC61 -
Ten-to-One Limitation??? .....WHY???... Why??... why?
Please do not change the required leverage amount for retail FOREX
trading. Doing so will force many small investors / traders,
including myself, out of the US Forex market.
I look forward to many years of trading in the FOREX market with US
based brokers willing to permit 100:1 leverage.
I would rather not have to take my account off US soil, but such
proposed regulations leaves smaller investors little or no choice. I
see no reason why a US government entity (CFTC) would even consider
such anti-American policies.
Please reply.
Best regards,
Gregory M Powell
gregorympowell@gmail, com
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