Comment Text:
i0-001
COMMENT
CL-05972
From:
Sent:
To:
Subject:
Paul Clark
Thursday, March 4, 2010 10:30 AM
secretary
Comments on Proposed Regulations Retail FOREX Transactions
Dear Sirs
Reference RIN 3038-AC61
As a small professional trader with 2 years experience in the retail Forex market I agee that regulation is
required. However, I would like to register my strong disagreement with the proposed maximum limit of
10:1 leverage. Such a small leverage would effectively put thousands of small successful professional
traders out of business as the capital required to secure a return would become too large. I believe it is
the intention to "clean up" the market not to put out of business those professional small traders that
presumably you are seeking to protect. It is right to seek to limit the leverage offered by unscrupulous
brokers but I would suggest that a sensible workable maximum leverage would be 50:1.
Yours faithfully
Paul Clark
