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Comment for Proposed Rule 75 FR 3281

  • From: Leonard J Zawistoski
    Organization(s):

    Comment No: 8014
    Date: 3/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-08014
    From:
    Sent:
    To:
    Subject:
    leonard zawistoski
    Tuesday, March 16, 2010 5:35 PM
    secretary
    Regulation of Retail Forex
    To whom it may concern:
    I just don't understand how to think lowering the leverage rate to 10:1
    and expect this won't create an anti-competive enviroment for Forex
    brokers in regard to competion with banks not regulated by the CFTC. In
    addition, 10:1 leverage would also allow the entire United States F orex
    community to be uncompetitive with global competitors.
    I myself will leave the the USF community and use other markets.
    RIN 3038-AC61
    Sincerely
    Leonard J. Zawistoski