Comment Text:
i0-001
COMMENT
CL-08483
From:
Sent:
To:
Subject:
Marc Vieux
Thursday, March 18, 2010 11:26 AM
secretary
Regulation of Retail Forex
Email:
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Mail: David Stawick,
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1155 21st Street, NW,
Washington, DC 20581
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21 st 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 Leverage 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 ofj obs that require an advanced education such as softwarei0-001
COMMENT
CL-08483
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,
Marc Vieux
Brooklyn NY
