Comment Text:
i0-001
COMMENT
CL-08898
From:
Sent:
To:
Subject:
Jorgensen, Chuck
Monday, March 22, 2010 4:53 PM
secretary
Regulation of Retail Forex
Identification Number:
RIN 3038-AC61
I am writing to let you know I am extremely opposed to the 10:1 leverage proposal. If this is
passed the forex business in the USA will cease to exist and everyone will start moving
accounts overseas at a rapid pace. This switch will take billions of dollars from US Forex
companies and put it overseas. Please do not past the 10:1 leverage as it will cause lots of job
losses as well as billions of dollars going to overseas accounts where the leverage would still
be 100:1 or higher.
Chuck Jorgensen
Reporting Analyst
[email protected]
