Comment Text:
i0-001
COIMMENT
CL-08566
From:
Sent:
To:
Cc:
Subject:
Tom Henne
Thursday, March 18, 2010 10:21 PM
secretary
[email protected]
'Regulation of Retail Forex'
Dear Secretary,
I am new to trading and I am writing to say that if the new regulation of 10 to 1 leverage is imposed, I would not be
able to trade due to the amount of money needed in my trading account. I feel that anyone that wants to trade the
Forex should be able to trade and if the new 10 to 1 leverage is imposed, it will restrict traders that have limited
funds to start trading with. I decided to trade the forex market not only due to the leverage you have to trade with,
but because of the fact that you do not need a minimum of $25,000.00 in your account; such as to day trade
stocks. The forex market allows you to begin trading with an amount of money the average working American
can afford. This is the United States, home of free enterprise, and anyone should be able to trade in the forex
market with a couple of hundred of dollars. That's all you would need to start up a legitimate business in the
United States, so why take the opportunity away with the new regulation?
Please reject this new regulation! RIN 3038-AC61
