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Comment for Proposed Rule 75 FR 3281

  • From: Gerard Chin
    Organization(s):

    Comment No: 3025
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03025
    From:
    Sent:
    To:
    Subject:
    Gerard Chin
    Friday, January 22, 2010 9:10 PM
    secretary
    To Whom it may Concern.
    The unintended consequences of your proposal to reduce margin to 10:1 will not benefit those of us
    whom you are trying to protect but rather prevent us from any participation. The baseline account size
    will have to go up hence the Big Money will just get bigger.
    My coaches at FX Bootcamp hammer home every session the inherent risks involved and stress proper
    RISK Management- a critcal requirement along with a mechanism to protect me from my broker taking
    the counter trade to my trade.
    Regards
    Gerard Chin