Comment Text:
i0-001
COMMENT
CL-01402
From:
Sent:
To:
Subject:
Haydn Stevenson
Thursday, January 21, 2010 12:13 AM
secretary
Regulation of Retail Forex
Dear Mr Stawick,
I would like to strongly oppose the proposed RIN 3038-AC61 regulations
of lowering the leverage to 10:1.
As investors/traders we are well aware of the risk and deserve to make
our own choice whether to accept it or decline, as well as accept
responsibility for any losses that occur. That is part of being a
thinking, reasoning adult.
If this regulation is legislated the US brokers will lose a phenomenal
amount of business as retail clients move all of their funds to
offshore brokers who are not bound by the same leverage constraints.
Already recently the FIFO rule has caused that.
Please tell me the real agenda behind these radical changes. Are they
to 'protect' us or severely hamper our trading activity?
Best regards,
Haydn Stevenson
