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Comment for Proposed Rule 75 FR 3281

  • From: Scott Brandes
    Organization(s):

    Comment No: 3994
    Date: 1/26/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03994
    From:
    Sent:
    To:
    Subject:
    Scott Brandes
    Tuesday, January 26, 2010 6:46 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    As a US citizen forex trader, I am against the proposed 10:1 leverage maximum. Part of the real value of forex trading is the
    high leverage allowed in todays markets. I think I should have the right to choose the leverage ratio according to my own
    risk appetite.
    A 10:1 leveage maximum would severely impede my ability to trade in the forex exchange due to the margin requirements it
    would impose.
    Thank you for your consideration,
    Scott Brandes
    102 Drayton Ct.
    Chapel Hill, NC 27516