Comment Text:
10-001
COIMMENT
CL-08006
From:
Sent:
To:
Cc:
Subject:
Michel Benarroch
Tuesday, March 16, 2010 5:00 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Michel Benarroch in Miami, Florida
Dear Mr. Secretary of the CFTC,
As an active FOREX trader, the proposed downgrade of the current leverages would be very detrimental to this industry.
Would this happen, I, as well as thousand of traders in the U.S. would have to use a foreign broker or bank to continue
trading. I assure you that I am perfectly responsible chosing the leverage I see fit for my trading.
Also, the proposed regulation for U.S banks or entities to offer only one broker makes no sense to my view, as I believe we
are always better served when we have a wide array of choices.
Please DO NOT PASS these proposed regulations as it will put this country in a disadvantage.
Thank you
Sincerely
Michel Benarroch
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