Comment Text:
i0-001
COMMENT
CL-07733
From:
Sent:
To:
Cc:
Subject:
Anthony B Bray
Monday, March 15, 2010 10:03 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Anthony B Bray in Chicago, I1
The proposed change in forex leverage from 100 to 1 to 10 to 1 is far too extreme. I will have to transfer my business
overseas. The forex business in US will be forced to close or relocate abroad. Thousands of jobs will disappear and money
will flow abroad. Irresponsible and uneducated people who lose in forex will mange to lose at lower leverage or they will go
abroad with their accounts. Great Britain allows 500 to one leverage. Futures are basically 20 to one or more. 10 to one is
unfair for many reasons. Perhaps complainers who lost money would have lost anyway. Please keep the 100 to One leverage.
If you must try 50 to one for a trial. Thanks for your consideration.
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