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Comment for Proposed Rule 75 FR 3281

  • From: Igor Vasylyev
    Organization(s):

    Comment No: 3010
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03010
    From:
    Sent:
    To:
    Subject:
    Igor Vasylyev
    Friday, January 22, 2010 8:33 PM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Dear friends!
    I am a Canadian trader. In the Forex market I've been since 2006. Despite on this period of time I
    consider myself as a novice in the market. According to the risky conditions of trading I can afford
    myself just a maximum leverage of 100:1. As an individual trader I would prefer to stay on that one. But
    if CFTC cannot find another way to eliminate fraud within the Forex Market except reducing the
    leverage limits from 100:1 to 10:1 so that I believe may lead individual traders to seeking non-U. S.
    brokers or those once who can provide a wide spectrum of instruments for a success trade. Personally, I
    don't believe that the new regulation which is gonna be in March 2010 can help in a struggle with fraud
    but I believe it can help individual traders loose their deposits faster kicking them out of the market.
    Think about it.
    Sincerely Igor Vasylyev.
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