Comment Text:
i0-001
COMMENT
CL-08137
From:
Sent:
To:
Subject:
Jay Gerring
Wednesday, March 17, 2010 5:51 AM
secretary
Regulation of Retail Forex
Hi,
This is regarding the proposed 10:1 leverage limits related to RIN 3038-AC61.
No intelligent retail trader will use a US-based trading account if leverage is limited to 10:1. If this change goes into effect, it
will effectively kill the US Forex retail business. I'm not a broker, but as a Forex trader, I know that I'm going to keep my
account in a jurisdiction that will allow me to choose my own level of risk up to 400:1.
Thanks,
-Jay Gerring
l e:jgerring@ 123mail.net I m:+l 206-251-7719 I
