Comment Text:
i0-001
COIMMENT
CL-01664
From:
Sent:
To:
Subject:
William Daniel
Thursday, January 21, 2010 9:38 AM
secretary
re: PROPOSED FOREX REGULATIONS
To whom it may concern,
The newly proposed regulations will set higher margin limits which will make it very hard for new
traders and traders who don't have that much capital to be able to trade. These new regulations will
prohibit and make traders exit forex because it inhibits the very attractive essence of forex which is its
leverage.
So far the brokerage firms have done a good job in curbing any entities from fraud.
I speak on behalf of myself and I'm sure sure on behalf of my several friends traders who haven't shown
much favor to your new proposals on margin / leverage requirements.
Emphasis on stronger record keeping and reporting requirements is something everyone should comply
with in the first place.
Thank you
