Comment Text:
i0-001
COMMENT
CL-07913
From:
Sent:
To:
Subject:
Mark Horton
Tuesday, March 16, 2010 1:37 PM
secretary
Regulation of Retail Forex
To whom it may concern:
I'm concerned about the proposed leverage changes to the US retail
forex industry. I currently use 50:1 leverage for trading. As a
small capitalized trader, I'm dependent on leverage to see decent
profits. With a reduction of leverage to 10:1, my trading ability
would be drastically reduced.
I have spent the last 5 years teaching myself to trade currencies, and
have recently become profitable. I don't think I would be able to
stay with my current broker if these changes were to take place. I
like my broker. They are honest and I trust them. I don't want to
see good brokers be driven out of business because clients, like
myself, were forced to move elsewhere. I'm sure I can find another
honest broker in Europe to give me 50:1 leverage, but it's not
something I want to do.
Best regards,
Mark Horton
RIN 3038-AC61
