Comment for Proposed Rule 75 FR 3281
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From:
Mike Kobal
Organization(s):
Comment No:
812
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00812
From:
Sent:
To:
Subject:
Mike Kobal
Tuesday, January 19, 2010 7:36 PM
secretary
Regulation of Retail Forex
This is to express my opposition to the proposed 10-1 limit on leverage in retail customers' accounts.
Such a limit would unfairly disadvantage retail investors/traders relative to traders that trade on behalf of
institutions. Moreover, a fair percentage of retail traders in fact bring institutional or professional
experience to their trade, thus rendering the 'retail' designation somewhat specious.
Thank you.
