Comment Text:
i0-001
COMMENT
CL-00718
From:
Sent:
To:
Subject:
dj deb
Tuesday, January 19, 2010 4:50 PM
secretary
Regulation of Retail Forex
ID #: RIN 3038-AC61
To whom it may concern:
My name is Lulli Debrosse and I am an independent investor. I am writing to you to express my feelings
about your recent proposal made on Thursday pertaining to your "leverage restriction." To my
understanding it is common knowledge that about 90% of traders fail to become successful and turn
away from the idea of continuing to trade in the currency market. I feel, as with anything in life, an
education or simple knowledge (whether through experience or literature) will lead to an advantage. By
lowering the amount of leverage available you will not be regulating the market, you will only limit
those who are in it. Those who lack experience and knowledge with leverage will lose the equity in their
account if they can leverage by 100 to 1 or by 10 to 1. Personally, the currency market has saved my
life. In Queens, New York opportunity for progression comes few and far between. If your not delving
in illegal activities for funds, your making a below poverty income with a very low ceiling. So I ask you
to please not limit my potential. I never would read till I found the currency market. I have read a list of
best selling books on the topic at hand. Just recently I became profitable due to "the learning curve" of
the market. So once again, I ask you, please do not limit me, I have paid my dues along with many
others. You may contact me for further information.
Sincerely,
Lulli Debrosse
The CFTC proposal, made public on Thursday, came out with a big headline rule as a leverage
restriction across the board to 10 to 1
leverage.
