Comment Text:
i0-001
COMMENT
CL-05536
From:
Sent:
To:
Subject:
kingsley nwankpa
Tuesday, February 23, 2010 12:10 AM
secretary
Regulation of retail forex
Dear Sir,
I am writing based on the new proposed CTFC proposed rule on foreign exchange not to increased margin
requirement from 1% tO 10%, because this will only ultimately result in low returns or loss on invested margins for retail
traders and i also strongly believes that this proposal will discourages beginners from developing and strengthening their
trading style, thereby effectively preventing investors from evaluating their own appetite for risk and making personal
investing decisions.
I will want this new proposal to be review before implementing ans enforcing for the interest of retail traders.
Yours faithfully,
Nwankpa Kingsley
