Comment Text:
i0-001
COMMENT
CL-07073
From:
Sent:
To:
Subject:
Ronald Potter
Friday, March 12, 2010 10:41 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
I oppose this proposed change to the amount of leverage that can be used in the retail forex market. The
current regulations serve the retail forex market just fine. Wealthy individuals can trade the stock
market. By allowing retail forex brokers to provide 100:1 leverage, you allow smaller traders such as
myself entry to the market. Even if I have some losses, it is not going to be life altering, however if you
reduce the available leverage to 10:1, Myself and many other traders will be forced to stop trading in the
forex market.
Please reconsider the effect that such a drastic change would have on the market and the smaller traders.
Sincerely,
Ronald Potter
[email protected]
