Comment Text:
i0-001
COMMENT
CL-08064
From:
Sent:
To:
Cc:
Subject:
[email protected]
Tuesday, March 16, 2010 9:44 PM
secretary
[email protected]
Objection to Proposed 10:1 Leverage for Forex
Secretary,
I am writing in opposition to the proposed 10:1 leverage change in the retail forex currency exchange. This
proposal will most certainly send thousands of traders out of country to unregulated situations that put
them further at risk. The recent change to 100:1 I think was prudent and will certainly help in curtailing speculative
trading. Please do not lower the leverage any further. Small traders like me cannot afford the high margin
requirements and trading provides an essential income to our family. Please don't make it impossible for the "little
guy" to benefit from trading foreign currency.
Sincerely,
Bob Harris
Foreign Currency Trader and School Principal
