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Comment for Proposed Rule 75 FR 3281

  • From: Vladimir Migunov
    Organization(s):

    Comment No: 2310
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02310
    From:
    Sent:
    To:
    Subject:
    Vladimir Migunov
    Thursday, January 21, 2010 9:55 PM
    secretary

    Regulation of Retail Forex
    Dear members of U.S. Commodity Futures Trading Commission!
    Excuse my English, please, I am russian.
    With accordance to your propose to comment the future limitation
    of leverage to 10:1 I want to say, that if it will be realized,
    I will be forced to go out from the Forex market because of increasing
    of the margin requirements. I have'nt so much money.
    During last years the number of Forex participants increased strongly, and
    it is growing now because of brokers are decreasing the financial barieere
    to trade at Forex. Limitation of leverage to 10:1 will turn this
    process jumping backward, and many people, whose income was decreased by the
    financial and economical crizis, will loose chances to return to their life
    style, which was before crisis.
    With best regards,
    Vladimir Migunov,
    420034 Russia Kazan Gorsovetskaya 17/1 156
    Identification number RIN 3038-AC61