Comment for Proposed Rule 75 FR 3281
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From:
Vincenzo A Canova
Organization(s):
Comment No:
1017
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01017
From:
Sent:
To:
Subject:
Vincenzo Canova
Wednesday, January 20, 2010 3:56 PM
secretary
Regulation of Retail Forex
I am a Forex day trader and I would like to comment on the newly proposed regulation of limiting leverage to 10:0
(RIN3038-AC61). I agree that anything above 50:1 is a trader trap, but for those of us with limited experience and
decent experience, we know how to leverage risk. This new proposal would effectively hurt the small trader.
Again, 50:1 is a great limit but anything below this is going to make our lives very difficult.
Thanks for your consideration,
Vincenzo A. Canova
