Comment Text:
i0-001
COMMENT
CL-08432
From:
Sent:
To:
Subject:
Dennis Frantz
Thursday, March 18, 2010 6:31 AM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Friends,
In regard to your wanting to decrease leverage to 10:1 Iam totally AGAINST this. Iam a grown
man and should be allowed to determine my own risk levels with my own money. Also, by
decreasing the leverage to 10:1 it will take at least 10 times the amount of capital to be able to
invest. This will harm the small investor as many will not be able to raise the capital to invest
with. In this economy we do not want investment to drop or be stunted.
Also, this will put US Brokers at a disadvantage with Foriegn Brokers as the US investors will
move their accounts to oversea's accounts that will allow them to invest with higher leverage. We
need to keep our money working here in the US and not be giving it to competition overseas.
Idosupporta move to regulate the dishonest brokers. But by lowering the leverage this will
only hurt the investor and will not accomplish anything. By lowering the leverage US investors will
just go overseas as stated above and the brokers overseas do not have to abide by your rules so
you will actually have less control to be able to protect the investors.
Please re-examine your position on lowering the leverage as I feel this was a poorly thought out
plan. Thank you. Dennis Frantz
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