Comment for Proposed Rule 75 FR 3281
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From:
Joao Paulo
Organization(s):
Comment No:
1235
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01235
From:
Sent:
To:
Subject:
Joao Paulo Aires Borras
Wednesday, January 20, 2010 9:52 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
My name is Joao Paulo and I am a retail forex trader with accounts in USA based brokers.
I would like to position myself AGAINST the new margin regulations, that state the maximum leverage
should be 10%.
It will the trade business impossible for small traders like me.
I think 1% leverage is very fair and the risk control should came from proper trading education.
A good action should be to ask brokers to provide full education to traders through their services instead
of restrain the business.
Regards,
Joao Paulo
