Comment Text:
i0-001
COMMENT
CL-00301
From:
Sent:
To:
Subject:
Brigitte Tchan
Monday, January 18, 2010 8:02 AM
secretary
Against the 10:1 leverage rule in forex spot trading
Dear Sirs,
You have already made new rule of 100:1 leverage in forex spot trading, now you are thinking of
passing the rule of 10:1 leverage. We appreciate your effort of sanitizing the financial market and
penalizing the malpractices of some dishonest brokers in the industry, this provides a better protection of
the traders investors. But the consequence of the new 10:1 leverage rule will be disaster for us small
traders who don't have a huge amount of money to trade, and also traders will start to move their funds
to out of country where there isn't this kind of rules. Not only US forex market will lose jobs, US traders
will take unnecessary risks by trading with unreliable offshore brokerage companies.
We implore you to reconsider this new rule, not passing it, in order to protect US market, US forex
industry, US labors and US traders. Thank you.
Respectfully.
Forex trader
Brigitte Tchan
