Comment Text:
i0-001
COMMENT
CL-07983
From:
Sent:
To:
Subject:
Mauricio Salazar
Tuesday, March 16, 2010 4:14 PM
secretary
'Regulation of Retail Forex'
U.S. Commodity Futures Trading Commission (CFTC):
I would like to offer some comments about the proposed regulations to the retail forex industry,
specifically with regard to leverage 10:1. I am a Colombian citizen. I am a forex trader since 2005,
this is my profession, The livelihood of my family depends of the trading. Cost me a lot of effort,
sacrifice and money get where I am today. I love this job that have allowed me to grow as a person
and professional, I have achieved what I might not have achieved as an employee. I have studied a
lot, I have prepared well and I know what I do, I know how to manage the risk, I know managing
leverage. This work is not a game, for me is a personal enterprise. The new regulations regarding the
leverage, hurt competitiveness, are against the free development and freedom. In a country like
Colombia the opportunities are not many, and have the opportunity to enter the market is great.
Please reconsider the new regulations about leverage, this would be a big blow to our market.
Sincerely,
Mauricio Salazar G
Colombian Forex trader
ID NUMBER RIN 3038-AC61
