Comment Text:
i0-001
COMMENT
CL-04482
From:
Sent:
To:
Subject:
[email protected]
Friday, January 29, 2010 6:33 PM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
These new regulations, ID number RIN 3038-AC61, would make trading more difficult if not impossible, and I do
not believe that furthering the protection of big institutions through higher margin requirements is economically
healthy in a competitive market. These regulations will also hurt all U.S. traders by reducing profit potential,
and traders in the rest of the world can use lower margin requirements to make larger profits. Having larger
margin requirements in less liquid markets may reduce risk exposure for the firms, but the currency market is
large enough that the broker firm can liquidate any position and not lose any of their capital. I do not know the
exact reasons for increasing the margin requirements but if you could tell me why perhaps I could persuade you
to think differently about the subject.
Sincerely,
Ryan Shaw
562.338.8694
