Comment Text:
i0-001
COMMENT
CL-03106
From:
Sent:
To:
Subject:
Vjekoslav Balas
Saturday, January 23, 2010
1:38 AM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Dear Madam/Sir,
I am writing in response to the subject regulation.
I would like to applaud the introduction of tight registration
mechanisms which will further curb possible illegal activites
but am very alarmed by the following aspects of the regulation:
(1)The proposal for the high minimum capital requirements for startup
of a brokerage.
I feel very strongly that this is protectionist to the large brokerages,
unjust for the small and leads to destruction of competition and loss of jobs.
(2)maximum leverage for US retail forex = 10:1
This would be reducing ones right to make one's own informed (or uninformed)
decisions and reducing ones right to reward.
Best regards,
Vjekoslav Balas
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