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Comment for Proposed Rule 75 FR 3281

  • From: Vasanth Abraham
    Organization(s):

    Comment No: 4332
    Date: 1/28/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04332
    From:
    Sent:
    To:
    Subject:
    vasanth abraham
    Thursday, January 28, 2010 7:59 AM
    secretary
    10:1 leverage
    Hi Folks,
    Please dont make the 10:1 leverage rule because if you are trying to protect money of people by
    reducing there risk this is not a great idea.
    1. this will restrict the income of good traders
    2. US will loose all retail forex traders.
    3. If anyone who deserve to earn money will learn to trade first with small amount rather than go and
    burn his account for a big leverage, i am sure anyone without sense will be trading anyway. It will be a
    great help if you can consider this and DONT make the 10:1 policy a reality