Comment Text:
i0-001
COMMENT
CL-05944
From:
Sent:
To:
Subject:
florian seeburg
Thursday, March 4, 2010 8:46 AM
secretary
Regulation of Retail Forex
Dear Mr. Stawick,
I have become aware of proposed regulatory changes to the foreign exchange markets, resulting in a
possible reduction in maximum leverage from 100:1 to 10:1. Although the dangers of overleveraging
oneself may be reduced by such a measure, I find it too excessive, and am dismayed that a responsible
trader such as myself could be faced with dangerously tight trade restrictions realted to forced margin
calls. As a trader who also takes part in long term trading, a generous margin is essential to ride the
"ups" and "downs" that may invariably occur before a strategic exit point is reached.
Please consider a less excessive reduction of the maximum allowable margin for foreign exchange
traders, or even no reduction whatsoever, as we live in a free market society, where the awareness of
individual responisbility is of paramount importance in realizing success.
Best Regards,
Florian Seeburg
