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:
Igor Mandel
Organization(s):
Comment No:
1355
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01355
From:
Sent:
To:
Subject:
Igor Mandel
Wednesday, January 20, 2010 11 : 17 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
I want to make a comment to the proposal of CFTS about decreasing the maximal leverage from 100 to
10 for Forex. A motivation for this sounds unconvincing; a high leverage is a main attraction for traders
in Forex, and decreasing it ib 10 times would make the trade much less attractive. Anyway traders make
their own risk estimate, and just rarely use 100. But 10 looks indeed extremely small. Plus, it will repel
many small investors, who cannot afford to this small level.
Igor Mandel, PhD in statistics
