Comment Text:
i0-001
COMMENT
CL-02569
From:
Sent:
To:
Subject:
Ed E
Friday, January 22, 2010 10:04 AM
secretary
Regulation of Retail Forex - Please leave leverage at 100 to 1
I do NOT agree with your change of Forex leverage from 100:1 to 10:1.
This is because it is not causing any problems with most reputable brokerages. There is never a
margin call as the one I use, MB Trading, closes positions automatically if margin falls below 10%.
A nice safety valve.
However this rule would clearly disadvantage USA based firms, and force users to seek ex-USA
accounts.
In other words, restricting leverage will punish responsible domestic firms and simply cause the others to
scamper offshore.
Most of your other proposed regulations are quite acceptable, except for this one.
Regards,
Edward Ezak
317 Sidney Baker @ #317
Kerrville, TX 78028
Phone: 830-200-0008
