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Comment for Proposed Rule 75 FR 3281

  • From: Yusof Saleh
    Organization(s):

    Comment No: 2236
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02236
    From:
    Sent:
    To:
    Subject:
    Yusof Saleh
    Thursday, January 21, 2010 8:38 PM
    secretary
    Regulation on Forex - limitation on leverage
    I belief the proposal to limit leverage will affect small trader like me as bigger fund is needed to manage
    risk. Therefore it will only benefit big players. Small trader should be given the freedom to decide on
    risk appetite. How ever i belief your proposal is well intentioned. So, i belief leverage should be more
    than 1:10 but Maximum 1:100.. This will then make the market more interesting. Also, i think you
    should consider to review micro account as most micro acount are not serious traders and too small
    players which they should have not involve in this high risk instrument.
    Thank you