Comment Text:
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COMMENT
CL-03697
From:
Sent:
To:
Subject:
Charl Rink
Monday, January 25, 2010 4:54 AM
secretary
Regulation of Retail Forex ( RIN 3038-AC61 )
Good Day Mr. David Stawick,
with regards to the proposed regulations states:
"to collect security deposits in a minimum amount in order to prudentially limit the leverage available to
their retail customers on such transactions at 10 to 1"
It will take liquidity away from the market.
I'm a small time trader ( still practissing on a demo, with increasing sucess ), but with the proposed idea,
most of the small traders will be forced to leave the market, due to leack of funds to be able to half the
margin requirement.
Please let the Levergae stay at current limits of 100:1 instead of 10:1 for all Forex trading in the U.S.
Thanks
Charl
