Comment Text:
i0-001
COMMENT
CL-04219
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[email protected]
Wednesday, January 27, 2010 4:58 AM
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:
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last name
address1
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us state
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The proposed change of eliminating 100-1 leverage trading spot Foreign Exchange is NOT A
GOOD THING. Most people purposely use spot FX because of the high leverage. By
eliminating high leverage you DECREASE CHOICE. I purposely trade spot FX because of
the high leverage and if it is removed would find it very difficult to trade and make money.
If there is concern about too much leverage being risky for some people there are OTHER
METHODS to mitigate the risk besides removing high leverage from the rest of us.
Implenting the removal of 100-1 or any other leverage ratio I believe will destroy the spot FX
industry and make the US less competitive and more draconian.
