Comment Text:
i0-001
COMMENT
CL-07601
From:
Sent:
To:
Subject:
DaveRegan
Monday, March 15, 2010 8:30 AM
secretary
re: RIN 3038-AC61
Dear CFTC
I am against the proposed legislation to decrease the leverage in currency trading.
I've been trading currency for 20 plus years, and this leverage is fine. When the 400:1 offers were made several years ago, I knew
enough to decline.
Please leave the leverage at the current 100:1.
I would most likely open a foreign account if you reduced the leverage to 10:1
Please do look into regulation for swaps and repos. All derivatives should be exchange settled.
Thank you
Dave Regan
Lucent Capital Group
732-859-5924
DJRecjan@optonline. net
