Comment Text:
i0-001
COMMENT
CL-00487
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 11:08
AM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Tuesday, January 19, 2010 at 11:08:26
commenter_subject: Retail Forex Transactions
commenter_frdate: January 13, 2010
commenter_frpage: 5772-10
commenter comments:
It is my view that the current 100-to-1
limitation on Foreign Exchange transactions is
sufficient. I have been using this leverage as a
retail client for over 3 years. The proposed
10-to-1 limitation is too restrictive in my
opinion. To be able to weather the daily
fluctuations and manage trades properly I believe
100-to-1 should be maintatined. If the 10-to-1
limitation is imposed I will have no choice but to
close my US brokerage accounts and deal with
European brokers.
I woould encourage, however, increased risk
management education for retail clients such as
mandatory margin and swap calculators. Thank you
commenter_name: Vinney Bains
commenter withhold address on: ON
commenter addressl: 461 Acumen Court
commenter_city: Mississauga
commenter state: Ontario, Canada
commenter_zip: L5W0E2
commenter~hone: 416-764-4459
