Comment Text:
i0-001
COMMENT
CL-08114
From:
Sent:
To:
Cc:
Subject:
bob broedlow
Wednesday, March 17, 2010 2:09 AM
secretary
[email protected]
Dear Secretary;
I understand that you are considering changes to the Forex retail market within the guide line RIN 3038-AC61. I
feel that to change the leverage levels would be a mistake. The velocity of the Forex market has attracted
thousands of investors. Each investor is warned many times of the high degree of risk involved, but they/we are
willing to take the risk given the reward. Changing the level to 10:1 will force many many small investors out of the
market. Of course, this will benefit the large investor and will probably mean the market is totally controlled by large
investors. This scenario has annoyed many for a long time. To reinforce this would at some point take us back to
2008 where the larger investors created chaos. Large numbers of small investors has a good chance at balancing
the market.
Please do not consider making the change.
Thank you for allowing my opinion and thoughts.
Sincerely,
Bob Broedlow
San Jose, CA USA
