Comment Text:
i0-001
COMMENT
CL-08804
From:
Sent:
To:
Subject:
David & Elizabeth Stevens
Sunday, March 21, 2010 11:14 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Secretary:
I am writing to you today to urge you to OPPOSE the forex market restrictions proposed by RIN 3038-AC61,
specifically the 10:1 leverage requirement. Such a restriction would severely inhibit the ability of the U.S. forex
market to compete with foreign markets. As you are aware, a 10:1 leverage would make it impossible for many
current (and prospective) forex traders to do business. I myself am a relative newcomer to the forex trade. I have
spent almost a year researching the various strategies and risks and am now prepared to enter the market.
Unfortunately, the current restrictions contained in RIN 3038-AC61 would prevent me, and others like me, from
doing so.
Please reconsider the provisions of the RIN 3038-AC61. A 10:1 leverage would not only be detrimental to
me, but would also bar the entire United States Forex community from being competitive with global
corn petito rs.
Please reconsider the restrictions imposed on forex traders by RIN 3038-AC61 and eliminate or revise any
provisions which threaten the viability of the U.S. forex trading market.
Sincerely,
David and Elizabeth Stevens
