Comment Text:
i0-001
COMMENT
CL-02022
From:
Sent:
To:
Cc:
Subject:
Clement Losa
Thursday, January 21, 2010 5:30 PM
secretary
losa. clement@yahoo, com
REGULATION OF RETAIL FOREX
Dear Sir,
I write in respect of the proposed leveraged 10/1 for retail forex.I am an off-shore trader
with an account with a US based brokerage firm.My choice of US is due to the
perception that US firms that are regulated by your agency are reliable and millions of
off-shore traders share this opinion.
Now,we are scared by the new rule which will definitely not be in the best interest of
traders as many of us may not be able to meet up with the capital requirements and may
have to move our funds elsewhere.I am adding my voice to the call against the proposed
regulation.
I sincerely hope your agency will take a good look at this issue in the interest of
millions of retail traders both in US and abroad who have funds with brokerage
companies in the US.
Best regards,
LOSA CLEMENT
Lagos,Nigeria
P Please consider the environment before printing this e-mail
RISK WARNING:
Trading foreign exchange, commodity futures, options, precious
metals and other over-the-counter products carries a high level of risk and may not be
suitable for all investors. The high degree of leverage associated with such trading can
result in substantial losses, as well as gains. The past performance of any trading
strategy or methodology is not indicative of future results, which can vary due to market
volatility; it should not be interpreted as a forecast of future performance. You should
carefully consider whether such trading is suitable for you in light of your financial
condition, level of experience and appetite for risk, and seek advice from an
independent financial advisor, if you have any doubts.
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COMMENT
CL-02022
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