Comment Text:
i0-001
COMMENT
CL-01859
From:
Sent:
To:
Subject:
Hanahn Korman
Thursday, January 21, 2010 1:46 PM
secretary
Proposed Forex trading regulations
As a Forex trader and small business that provides education for traders and investors (Forex and other
instruments), we strongly oppose the CFTC's proposal to increase margin requirements and decrease leverage
to
i0:i.
This measure would drive many satisfied Forex traders away from the currency market, and will significantly
reduce the volume of trading. As a result, many Forex brokers will also be driven out of the market.
I have never heard of a Forex broker going out of business only
after
returning their clients' capital. That is,
several should be expected to abruptly default on their clients, taking their capital with them. Subsequently,
those Forex brokers that survive may not be of the upper echelon of service providers. With reduced
competition among brokers, Forex traders will be left in unnecessarily treacherous waters.
To raise margin requirements and lowering leverage levels is to handicap and threaten the survival of Forex
brokers and traders, alike.
Hanahn Korman
MarketMINER ,,c
(206) 728-1900
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