Comment Text:
i0-001
COMMENT
CL-01477
From:
Sent:
To:
Subject:
Zane Zaro
Thursday, January 21, 2010 1:50 AM
secretary
RIN 3038-AC61
Dear Sir/Madm,
Referance above subject, I understand that the U.S. government is proposing to make a restriction on the
leverage of retail Forex to a maximun of 10:1 limitation
I strongly do not support this propose restriction as it would limit the retail Forex to allow the general
public to do their trading. If the government insist to pass this leverage limitation, it will only mean the
Rich people can participate in the retail forex. Is that what the US government wnat that to be?
I still support the existing US rules on retail Forex limitation leverage of 100:1, where it give the general
public a choice to chose and trade within their limit.
I suggest the US govt should have a tighter control/control measure on the brokers which regard on the
trading software platform which they offer to the general public for retail forex trading, please make
sure the software written is fair and just and not to allow them in any way that they can cheat the general
public $$$. Also, to save guard the gneral public in doing retail forex, the brokers should freeze out the
account on those retail trader should they exceed the limit of the account for the money they hv
deposited and also for the account is in the losing trade of - US$180.00.
Yours truly,
Wilson
Retail Forex Trader
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