Comment Text:
i0-001
COMMENT
CL-07319
From:
Sent:
To:
Cc:
Subject:
Dat Vo
Saturday, March 13, 2010 12:35 PM
secretary
[email protected]
Regulation of Retail Forex
Hello, I am emailing in regards to the CFTC changing the Forex leverage from 100:1 to 10:1. I heard the
Forex leverage used to be 200:1 then was changed to 100:1. Now the CFTC wants to change it to 10:1
making the Forex much more difficult to trade. The change to 10:1 would result in the retail trader
moving overseas to have a better leverage, taking billions of trading dollars away from the US. Also
brokers company would have to move overseas because they do not want to lose their clients. Then the
iobs they provide in their office in the US would go overseas also. Being a small retail trader myself, I
want the Forex to have the highest leverage possible. I would be very concerned if the leverage was
lowered and most likely find a different way to have higher leverage. I have talked to several of my
Forex trading friends and we as small retail traders are very appose to this change. Thank you for taking
time out to view this email and considering the small retail trader's position.
Dat T. Vo
