Comment Text:
i0-001
COMMENT
CL-01274
From:
Sent:
To:
Subject:
GJim
Wednesday, January 20, 2010 10:08 PM
secretary
Regulation of Retail Forex
Hello,
I am writing in regards to proposed rule-making associated
with RIN 3038-AC61.
While many provisions of the proposed rules may be valid and
necessary, I strongly object to the proposed 10:1 leverage
limitation in Forex trades.
If this limitation is implemented, it will primarily serve
to lock-out the small trader/investor from the Forex market
-
just as much larger minimum account balances served to
lock-out small investors from the stock day-trading market
several years ago.
I urge you to drop this requirement - Forex traders should
be able to choose the appropriate leverage ratio that fits
their particular trading requirements and trading style.
Thank you for your time and attention to my comments.
Jim Arner
Trading Forex since 2003.
