Comment Text:
i0-001
COMMENT
CL-07402
From:
Sent:
To:
Subject:
Michael Moses
Saturday, March 13, 2010 9:10 PM
secretary
[email protected]
Regulation of Retail Forex
To Whome It May Concern-
Re.: RIN 3038-AC61
I would like to voice my strong objection to the proposed reduction in leverage limits the CFTC is
considering. This will greatly damage the Forex trading options for U.S. traders. Many of these traders,
like me, wish to trade with reputable Forex brokers in the U.S. (kept reputable largely by CFTC
regulations). The new leverage limits will force U.S. traders to simply move their money to brokers
overseas and possibly increase their risk from unscrupulous brokers operating in countries with no
recourse for traders who are victims of fradulent trading practices. Please give retail Forex traders the
credit they deserve in determining their own acceptable risk tolerance.
Michael Moses
Atlanta, GA
