Comment for Proposed Rule 75 FR 3281
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From:
Liviu Craciun
Organization(s):
Comment No:
1232
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01232
From:
Sent:
To:
Subject:
Liviu Craciun
Wednesday, January 20, 2010 9:50 PM
secretary
Regulation of Retail Forex
identification number RIN 3038-AC61
i respecfully OPPOSE your incoming regulation.
hedging 10:1 is an ARBITRARY chosen number, bank lending is also based on fractional number
which is at pretty close ratio to your proposed hedging ratio. This did not prevent a huge bailout for
the largest of them (sic !! !)
your proposal will only raise the margin, and one can no do effective money management if you
decrease this ratio, a small start up trader will get no chance to succeed.
Who are you trying to protect and save?
Please direct your efforts toward other fields, like negative swap on both sides of trades, limitation of
widening the spread to certain limits, etc -which are common occurence these days among brokers
Respectfully,
Liviu Craciun
