Comment Text:
i0-001
COMMENT
CL-02163
From:
Sent:
To:
Subject:
[email protected]
Thursday, January 21, 2010 7:39 PM
secretary
Regulation of Retail Forex
Dear sirs,
I am writing you to oppose the proposed changes to the margin requirements for
retail Forex accounts, there is no need for this new regulation. This proposal would all but wipe
out the average retail trader, if you are trying to control risk that is already taken care, most
brokers close any position when a specific set of predetermined conditions are meet ie
margin calls etc. so risk is already known prior to entering any trade even for the unfortunate
speculators who trade with out a stop. you should not be enacting regulations that punish the
majority of level headed responsible traders due to a minority who abuse common sense and
act irrationally. I understand with the present climate that you are probably being pressured
into acting, but I would ask you to reconsider these proposals and try and understand the good
responsible people who will be deprived of an important investment class needed in these
difficult times.
Sincerely,
00'Neil
