Comment Text:
i0-001
COMMENT
CL-03348
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Saturday, January 23, 2010 4:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name Dale
last name Silberhorn
address1 15650 E Timberlane Dr
city Davis Jct
country United States
us state IL
zip 61020
company
Regulation of Retial Forex RIN 3038 AC 61
I am opposed to changing the leverage to an absolute 10 to 1.
I am in favor of a sliding scale of leverage. If the amount is invested in a position the
leverage should be determined by in individula investor. As the amount invested in a
position is increased the leverage should be reduced. An example would be from 100 to to
50 to 1. A larger investment would reduce the leverage to 40 to 1 and another lamount would
set the leverage to 20 to 1.
A way to regulate the retial investor would b eo restrict the amount the investor can take in a
single position to a percentage of their capital with the broker. A sliding scale with the smaller
the capital the smaller the precentage in a position would be appropriate.
I am opposed to an absolute leveragge number. The leverage should be determined by the
size of the position and the amount in a position should be determined by the capital the
investor has in their account.
