Comment Text:
i0-001
COMMENT
CL-03362
From:
Sent:
To:
Subject:
Attach:
[email protected]
Saturday, January 23, 2010 5:59 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 Alex
last name Tarhini
address1
city Miami
country United States
us state FL
zip
company
The idea to change leverage in the currency market down to 10:1 after the dramatic change
from 200:1 to 100:1 will only hurt the industry and its clients, along with thousands of direct
jobs from traders to research analysts to brokers. The complaints you may have been
receiving are soley those who failed to make it as a trader (its not easy), and they blame it on
the leverage rather than themselves. With automatic margin calls, leverage is a safe way to
allow smaller capitalized retail traders to make a decent return on the shift of currencies. I
personally make my living trading the market using 100:1 leverage and conservative
strategies, please do not let this pass. many jobs will be lost.
