Comment Text:
i0-001
COMMENT
CL-08590
From:
Sent:
To:
Subject:
DavidH2837@aol. com
Friday, March 19, 2010 9:48 AM
secretary
Regulation of Retail FX
Dear Secretary,
I am writing concerning the proposal to restrict forex trading to 10:1.
I appreciate the fact that CFTC is attempting to improve the forex trading market and protect retail traders like myself.
However the particular proposal to limit leverage I believe would do more harm than good.
Many of us trading the retail forex market make our living from this activity on a daily basis. By restricting our participation to this level it
would severely limit our ability to make a living.
In this economy with the scarcity of jobs and limited opportunities, the ability to make a living by trading is vital to many of us in forex
market.
I would strongly urge you to keep the current leverages in place to allow us the freedom to function in this market and make a living.
Sincerely,
David W. Hale
