Comment Text:
i0-001
COMMENT
CL-01207
From:
Sent:
To:
Subject:
david peckham
Wednesday, January 20, 2010 9:40 PM
secreta ry < secreta ry@ C FTC. g ov >
Proposed change in FOREX trading leverage
Dear Sir,
Ref. RIN-3038-AC61
I object most strongly to the proposed changes in FOREX leverage from 100:1 to 10:1 that
effectively would raise the Margin requirements to a ridiculous level.
I believe that if this is made mandatory that traders across the USA will leave in droves (move
accounts) as they did when the equally ridiculous rule was introduced last year that stopped
hedging in the same currency pair in the same account.
I can't imagine what it is designed to do except to disseminate the trading fraternity.
Regards,
David Peckham.
FOREX trader.
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