Comment Text:
i0-001
COMMENT
CL-07910
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Sent:
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Subject:
brookj [email protected]
Tuesday, March 16, 2010 1:34 PM
secretary
Regulation of Retail Forex Comment
IRe: 'Regulation of Retail Forex' and identification number RIN 3038-AC61.
Customers should be given the freedom and right to choose the amount of leverage that is appropriate for your
individual desired risk. This basic principle of 'choice' is in jeopardy by the proposed CFTC regulations.
The proposed 10:1 leverage would create an anti-competitive environment for Forex brokers in regards to competition
with banks not regulated by the CFTC. In addition, 10:1 leverage would also allow the entire United States Forex
community to be uncompetitive with global competitors.
Why not try 50:1 for three years before taking such a drastic change with unproven unintended consequences?
Jack Brookner
Pembroke Pines, FLi0-001
COMMENT
CL-07910
