Comment Text:
i0-001
COMMENT
CL-08215
From:
Sent:
To:
Subject:
Mark Powers
Wednesday, March 17, 2010 3:01 PM
secretary
Regulation of Retail Forex
Dear Sir or Madam,
I strongly protest the proposed 10:1 leverage limit on retail foreign exchange traders. Just a few months
ago, a limit of 25:1 was imposed, lowered from 100:1.
These changes do not protect those who desire to take risk, as they will simply move to another venue,
such as futures on the Chicago Mercantile Exchange or overseas. In fact, one would say the CME would
stand to benefit from the proposed change.
Please do not pass this change.
Sincerely,
Mark Powers
984 Denver Drive
Costa Mesa, CA 92626
