Comment Text:
io-ooi
COMNENT
CL-02255
From:
Sent:
To:
Subject:
[email protected]
Thursday, January 21, 2010 8:52 PM
secretary
Regulation of Retail Forex
First of all, allow me to say that I speak for most traders when I say that I appreciate the effort to strengthen regulations in the
forex ~narket which would, in turn, make for a safer place for traders to conduct their business. However, the proposed
lowering of available leverage down to 10:1 is excessive & would greatly hurt the very industry you are intending to protect.
Such a lowering would make trading for a living impossible for smaller traders such as myself. It would also force many
traders to do business with overseas brokers who are more prone to unscrupulous practices. Please look out for us by keeping
available leverage as it is. Sincerely. Thank you.
Sent from my Verizon Wireless BlackBerry
