Comment Text:
i0-001
COMMENT
CL-03949
From:
Sent:
To:
Subject:
Mihai Petrachioiu
Monday, January 25, 2010 11:46 PM
secretary
Regulation of Retail Forex'
ID: RIN 3038-AC61
To whom it may concern,
I would like to express my strong opposition to the proposal for new regulations regarding the maximum
leverage to be used in the retail Forex.
By changing the leverage to 10:1 from 100:1 the required margin will be increased ten times and all small
accounts will be affected.
The chances to recover a position which moved in the wrong direction will be drastically reduced and
many small accounts will be in danger to be closed.
I STRONGLY BELIEVE THAT EACH TRADER SHOULD BE ABLE TO CHOOSE THE LEVERAGE LEVEL
BASED ON ITS RISK APPETITE AND EXPERTISE.
Best Regards,
Mihai Peters
