Comment Text:
i0-001
COMMENT
CL-07916
From:
Sent:
To:
Subject:
Andy Newton
Tuesday, March 16, 2010 1:44 PM
secretary
Regulation of Retail Forex
DearCFTC,
This email is in reference to RIN-3038-AC61. It would be utterly detrimental to the U.S. Forex market
and its constituents if leverage requirements are tightened. Not only would it substantially reduce
profitability, it would also force many traders abroad destroying U.S. Forex brokers. Forex traders as a
whole are well educated and understand the risk and reward associated with the current leverage
standards. I beg of you to not cut the legs out from underneath us. The protection offered by the CFTC
is appreciated, however, changing leverage would create a major disparity, and have a drastic effect on
U.S. traders. I appreciate your consideration.
Sincerely,
Andy Newton
Miami, FL
