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Comment for Proposed Rule 75 FR 3281

  • From: Antony Smirnov
    Organization(s):

    Comment No: 1553
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01553
    From:
    Sent:
    To:
    Subject:
    Antony S.>
    Thursday, January 21, 2010 5:07 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear Sirs,
    As to the new forex limited leverage regulation,
    please be sure this is a good step towards stability and
    more professionalism in the area of currency trading.
    Although, there seems to be an a really hard cut from 100:1 to 10:1.
    As a private trader, i feel it extremely valuable to cut such a speculative
    leverage in order to lower margin calls amongst new members of forex
    society.
    Appreciating such a move, I also suggest being more conservative and keep
    the maximum leverage at 50:1 ,which is right the half of what we have now,
    while recommended setting for non-qualified traders would be like 25:1
    I guess, all the votes will be counted, so i appreciate your work on
    making things better and hope finally everyone gets what he wants.
    Feel happy leaving my concerns,
    sincerely
    Antony Smirnov,
    Panama
    HamicaHo B nOqTOBOM ic~rieHTe 6pay3epa Opera: http://www.opera.com/mail/