Comment Text:
i0-001
COMMENT
CL-03931
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Monday, January 25, 2010 9:58 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 William
last name Weeks
address1 PO BOX 1027
city CONYNGHAM
country United States
us state PA
zip 18219
company
I find 10:1 leverage limits to be excessive. I really do not think forex traders had any role in
the financial panic. Perhaps a better restriction would be a licensing test. Prospective
traders should show they understand the environment they are dealing with before entering
into trade. Or perhaps they should demonstrate a winning balance on a proxy trade platform
before being allowed to trade for real.
