Comment Text:
i0-001
COMMENT
CL-05568
From:
Sent:
To:
Subject:
yousef arafat
Wednesday, February 24, 2010 2:43 AM
secretary ; [email protected]
Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
Dear Sir,
I strongly support your proposal of
Requlation of Off-Exchanqe Retail Foreiqn Exchanqe Transactions and
Intermediaries,which
imposes new requirements on the U.S. Forex industry. The proposal significantly changes the leverage permitted on certain accounts
and, if passed, would have a drastic effect on retail investors. In the CFTC proposed regulation, leverage in retail forex customer
accounts would be subject to a 10-to-1 limitation.
This approach would prevent traders from aggressive and risky exposures in the time of loss and would give beginners more time and
grants more discipline in trading the financial markets.
Well done sir thank you very mutch.
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