Comment Text:
i0-001
COMMENT
CL-00939
From:
Sent:
To:
Subject:
Drs x
Wednesday, January 20, 2010 9:46 AM
secretary
regulation of retail forex R1N 3038-AC61
The proposed regulation of spot forex limiting leverage to 10 : 1 is not the answer. I am opposed
to this regulation, it will ruin forex trading, it will force money offshore, at a time when money needs
to be coming into the country.This plan is detrimental to forex and traders in this country. Maybe
education is the answer to leverage if your real concern is protecting individuals from over leveraging !
Government is supposed to protect, not limit the potential of traders. The underlying intention of this
regulation does not appear to be in the best interest of investors. It is more for the deep pockets of the
NFA, to use it for their advantage and profit.
I urge you to not pass this regulation !!! David
Speer
