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Comment for Proposed Rule 75 FR 3281

  • From: Ahmed Hatem
    Organization(s):

    Comment No: 7374
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07374
    From:
    Sent:
    To:
    Subject:
    Ahmed Hatem
    Saturday, March 13, 2010 5:20 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear CFTC,
    I've heard that you intend to make the leverage 1:10.
    I found that leverage will binding me in my trades as me and other small traders won't have they freedom in
    choosing the amount of leverage that I preferred in my trades and it will make us change our accounts to
    other countries that have more leverage options and I don't want to do that as I trust you as an organization
    in watching the brokers activity and that make me feel safe with those brokers that you organize.
    So I ask you not to minimize the leverage that far and give us the freedom to choose between different
    leverage options.
    Thanks for receiving our comments.
    Yours,
    Ahmed Hatem.