Comment for Proposed Rule 75 FR 3281
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From:
L L Mayuranath
Organization(s):
Comment No:
2495
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02495
From:
Sent:
To:
Subject:
llraj [email protected]
Friday, January 22, 2010 7:58 AM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Dear CFTC Secretary,
This small note refers to your recent proposal to restrict the leverage for trading retail forex to 10:1. I have been
trading forex for the last few months and my ability to participate in such trading was only due to the favourable
leverage of 100:1 or 200:1. As a result of your proposal to limit the leverage to 10:1, small traders like me will
have to keep away from trading thereby reducing the liquidity of the forex market by whatever percentage.
I request you to reconsider your proposal, especially in light of the fact that countries like UK are permitting higher
leverage, Hedging etc. Best Regards,
L.L.Mayuranath
