Comment Text:
i0-001
COMMENT
CL-06251
From:
Sent:
To:
Subject:
James Eckart
Friday, March 5, 2010 2:39 PM
secretary
Regulation of Retail Forex
Re: R1N 3038-AC61
Comment:
I believe the proposed forex regulation change is highly unfair to retail investors. To arbitrarily reduce
the maximum leverage permitted, is to reduce or eliminate the retail investor from the market. To be
able to invest in the retail forex market requires some knowledge of the risks involved. Each individual
investor must be allowed to leverage his trading based on his or her own risk tolerance.
If the the current regulation, which permits a maximum of 100:1 leverage, is
changed as proposed to a maximum of 25:1, I would most likely seek alternatives
outside of the United States if those avenues would even be available to a U.S.
customer to trade forex with any meaningful leverage. Failing that, as a small retail
forex investor, I will most likely be forced to seriously curtail, or stop, my forex
trading because my account is too small to be able to trade within the maximum
leverage proposed. This is unfair to me personally and to many others in similar
circumstances.
James Eckart
Glen Allen, Virginia
