Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Garrett A Boone
Organization(s):
Comment No:
1263
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01263
From:
Sent:
To:
Subject:
Garrett Boone
Wednesday, January 20, 2010 10:03 PM
secretary
Regulation of Retail Forex
RIN3038-AC61
As a customer of Interbank FX, I am aware of risks related to trading currencies with leverage. More
leverage doesn't mean more risk - it only means less margin needed. The risk is the same in practice,
because with more leverage, it is more likely that a loss will occur sooner. So, smaller lot sizes are used.
I am FOR the customer's choice of leverage. Whether the customer wants 10:1 or 400:1, I believe they
should be allowed to choose.
Sincerely,
Garrett Boone
1984 Newton St.
Akron, OH 44305
PS: I am also a financial advisor by profession. And if, for example, "ShareBuilder" will let you invest
small amounts of money in stocks, why shouldn't there be a currency option for those who wish to invest
with currency? 10:1 would box out all smaller investors/traders.
