Comment Text:
i0-001
COMMENT
CL-08621
From:
Sent:
To:
Subject:
Michael Szajer
Friday, March 19, 2010 3:55 PM
secreta ry < secreta ry@ CFTC. g ov >
Comments on Proposed Regulations Regarding Retail Forex
Transactions
To Whom It May Concern,
With regard to RIN 3038-AC61
As a trader in the retain forex market, I concur that regulation is necessary with regard to certain
brokerage practices and is well overdue. However I have to register my strong disagreement with
the leverage limit percentage being downgraded to 10 to 1 maximum leverage.
In my opinion this limit is far too low. A sensible and workable leverage maximum would be 50 to
1, and I respectfully ask you to consider this alternative.
Sincerely,
Michael Szajer
