Comment Text:
i0-001
COMMENT
CL-08839
From:
Sent:
To:
Subject:
Mike Bell
Monday, March 22, 2010 8:50 AM
secretary
Regulation of Retail Forex
Dear Sir, I am trading forex with a small account and doing it in a responsible way,that is, controlling the risk and
managing the trades. I have taken courses from reputable teachers who know how to effectively trade the market
while contolling risk and managing the trades. The proposal(RIN 3038-AC61) to change the leverage from 100:1 to
10:1 would, I think, make it very difficult for me to continue with forex trading. The margin requirement would be
to high for the amount of money that I can put into the account. The income potential from my trading, though not
large by some standards, has the potential to be life changing for me. I am sure there are many other traders in
my position.I would urge that the leverage ratio be left at 100: 1. Very Sincerely, Mike B.
