Comment Text:
i0-001
COMMENT
CL-07404
From:
Sent:
To:
Cc:
Subject:
BARB GERMANN
Saturday, March 13, 2010 9:20 PM
secretary
[email protected]
Regulation of Retail Forex
According to the
CFTC,
"leverage in retail Forex customer accounts would be subject to a 10-to-1 limitation,"
which means 10:1 leverage would be the maxi~num amount allowed for Forex traders in the U.S.
As a Canadian I am not sure I understand why you would try to dis-incent this market for retail traders
(as they are a drop in the bucket), but I understand that you will. I have already moved from a U.S.
account to and U.K. account to avoid U.S. regulatory constraints as I am sure most retail traders will do
once you implement these new restrictions. Is that a good thing for the US economy I wonder?
Barb Germann, MBA
30 Cedargrove Lane SW
Calgary, AB T2W 6J1
403-238-9939
