Comment Text:
i0-001
COMMENT
CL-02641
From:
Sent:
To:
Subject:
Durham Bubb
Friday, January 22, 2010 11:15 AM
secretary
customer accounts would be subject to a 10-to-1 limitation
Good afternoon
I am writing to you to protest at the proposal to limit Forex Trading to a 10 to 1 leverage.
I can't imagine what you hope to gain by this limitation; it is patently ridiculous, as it will prevent
may small traders from Trading, thus adding to the unemployment statistics.
You bureaucrats' are supposed to make sure that there is a safe environment to trade in, not
stop trading altogether.
I could understand if you were to stop the very high leverages which some brokers offer, but
10 to 1 is nonsense.
I suspect that you have had complaints' from persons who have lost money in Forex trading, in
which case they have only them selves to blame. It is always made clear that Forex trading is
risky.
Unhappily there will always be those who think they are smarter than that, but will not listen.
Regards
Durham Bubb
