Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Yael Waldman
    Organization(s):

    Comment No: 1612
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01612
    From:
    Sent:
    To:
    Subject:
    yael
    Thursday, January
    21,
    2010 8.. 20 AM
    secretary
    Regulation of Retail Forex
    Dear Sir/Madam,
    I was appalled to hear that you suggest to reduce the leverage in retail forex customer accounts to 10:1. It is
    impossible. Think of it that only some weeks ago I worked happily with leverage 400:1. If you realise the proposal
    to reduce the leverage to 10:1, no forex trader will work with American brokers.
    In addition, I urgently entreat you to return the hedging to forex trade. When you removed it about six months ago,
    you ruined all my trade strategy. It did not recover since, and it will be great help if you return the possibility of
    hedging.
    I cann't imagin what you possibly hope to achive with all the new regulations beside driving away customers.
    Sincerely,
    Yael Waldman