Comment Text:
i0-001
COMMENT
CL-08398
From:
Sent:
To:
Subject:
AC Group
Thursday, March 18, 2010 1:45 AM
secretary
Regulation of Retail Forex # RIN 3038-AC61
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
Subject: Regulation of Retail Forex
Identification number RIN 3038-AC61
This is my request NOT to remove the 100:1 Levera.qe Option
Should the 10 to 1 leverage rule proposed be adopted I believe the following will happen
Funded accounts currently in the U.S. will go offshore.
Forex fraud may worsen, not improve. Unregulated dealers from around the world will thrive, while operating under without the same
rules of capital adequacy, risk management models, marketing ethics, dealing practices or returning of customers
funds.
The United States will loose millions of dollars in trade revenue.
Thousands of jobs that require an advanced education such as software
developers, accountants and foreign exchange dealers will be lost, or
moved out of the United States .
Please do not take away
my choice
to use the 100:1 leverage OPTION!
Very Concerned,
Andre C. FI,
