Comment Text:
i0-001
COMMENT
CL-01247
From:
Sent:
To:
Cc:
Subject:
SS Subramaniam
Wednesday, January 20, 2010 9:59 PM
secretary
[email protected]; [email protected]; Siju Daniel
CFTC's new Rule re 1:10 Leverage in Forex
Dear Sirs,
I refer to your request for the opinion of Forex Traders re the intrduction of your new 1:10 Leverage
system in Forex Trading. I am one of the many Malaysian Traders who vehemently object to such an
intrduction. What this means is that the Public are unable to understand the risk element involved in
Forex Trading and that we are not fit to engage in any form of Trading activity. We are of the opinion
that we are fully matured to understand the Risk element involvced in all trading activities and request
that no alteration be made in the Leverage system currently being used by most Forex Brokeres.
I on behalf of the thousands of Forex Traders in Malaysia also vehemently object to the Malaysian
Government's recent proposal to make it illegal for Malaysians to teach oir practice Forex Trading in
Currencies. This is an attempt by our Central Government and Central Bank to cover their own
weaknesses for which they are now blaming the small scale Forex Traderes in the country. I sincerely
hope you will be able to convey this message to the Central Bank of Malaysia.
Many thanks and best Regards,
Dato SSSubramaniam
Dato' S.S. Subramaniam
email: [email protected]
[email protected]
