Comment Text:
i0-001
COMMENT
CL-07845
From:
Sent:
To:
Subject:
Aa Schroeder
Tuesday, March 16, 2010 12:17 PM
secretary
Regulation of Retail Forex
In regards to RIN 3038-AC61.
As a Canadian trader who uses a US broker to trade in the FOREX market it is crucial to use a 100:1
leverage. With the preposed leverage changes to US based Retail Brokers this will have a significant
impact on them.
Personally if this change does go through it will not have an effect on me. I already have a
UK based
Retail Broker that is not regulated by the CFTC and who will not be restricted to 10:1 leverage.
All this change will do is lose current and potential traders using US based Retail Forex market making
them non competetive with the rest of the foreign brokers.
Thank you.
