Comment Text:
i0-001
COMMENT
CL-07854
From:
Sent:
To:
Subject:
[email protected]
Tuesday, March 16, 2010 12:29 PM
secretary
Regulation of Retail Forex
To whom it may concern, I have read that you are proposing a change to the leverage requirements for trading
the retail forex market. RIN 3038-AC61 The leverage change would be from the current 100:1 to 10:1.
I am strongly opposed to this change.
I have been successfully trading the retail forex market since 2006. I completely understand the risks involved
and have used several different strategies successfully. With the new regulations on leverage my income from
trading would be greatly reduced, perhaps to a level where I would no longer be able to make enough income
for the time spent.
With the current state of the economy such a change in the leverage requirements would cause many other
retail forex traders to either move their accounts to foreign countries or stop trading entirely. It would seem that
you are encouraging an increase in unemployment at a time when more jobs are needed to stimulate the
economy.
Sincerely,
Randy L. Gardner
Austin, Texas
