Comment Text:
i0-001
COMMENT
CL-08248
From:
Sent:
To:
Subject:
Howard Duckworth
Wednesday, March 17, 2010 6:03 PM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
It has come to my attention that the CFTC (RIN3038-AC61) is
considering limiting
the amount of leverage from 100:1 to 10:1 This would be a
terrible mistake
and would take 98% of all retail customers out of the business
of trading
currencies. Not only will it cost jobs but it will make the retail
currency
industry go out of the United States to transact their business.
In a time where the US economy needs all the jobs it can get,
this would
be a job killer. I hope that the CFTC will not consider this action
and will leave the
retail currency trading at a leverage of at least 100:1
Best regards, Howard
Howard Duckworth
[email protected]
(210)273-4173
