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Comment for Proposed Rule 75 FR 3281

  • From: Ryan Pallas
    Organization(s):

    Comment No: 1236
    Date: 1/20/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-01236
    From:
    Sent:
    To:
    Subject:
    Ryan Pallas
    Wednesday, January 20, 2010 9:53 PM
    secretary
    Regulation of Retail Forex
    With regards to RIN 3038-AC61, Release: 5772-10
    To whom it may concern,
    Financial regulators may be in a precarious position to minimize risks. Please let me assure you that the
    FOREX is speculative, and large leverages have their benefits.
    1 think it would be an unfortunate decision to limit foreign exchange leverages. The current setup allows
    young, enthusiastic traders with an appetite of risk, and little capital, to take part.
    Thanks,
    Ryan Pallas