Comment Text:
i0-001
COMMENT
CL-07927
From:
Sent:
To:
Subject:
Jerry
Tuesday, March 16, 2010 2:12 PM
secretary
Regulation of Retail Forex
To whom this may concern,
I am a retail "Forex" trader, and I am strongly opposed to the 10:1 leverage proposal by the
CFTC.
As I am sure you realize, that by passing this proposal (RIN 3038-AC61) into law, it will
accomplish one of two things. It will either put the small trader out of business, or it will force
him/her to take their trading to an offshore broker.
I thought that the United States Government was concerned about the economy of these
States? So, why not leave well enough alone, Trust that most of the people who are "Traders"
realize that they have to set their leverage according to their account margin. And let the
people of the United States earn a little more money to subsidize their income. This way,
eventually, maybe we can bring the "Economy back to what it used to be.
Thank You & Regards,
Gerald Beattie
