Comment for Proposed Rule 75 FR 3281
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From:
Kelvin Yoong
Organization(s):
Comment No:
1457
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01457
From:
Sent:
To:
Subject:
Kelvin Yoong
Thursday, January 21, 2010 1 : 16 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
With regards to the above new proposed regulation to change the leverage requirements from 100:1 to
10:1
I feel this is an unnecessary regulation and will hurt the forex market in general. Currently the changes
to limit the maximum leverage to 100:1 was most welcomed and helped to remove would be gamblers
or high rollers from the forex market.
Please leave the maximum leverage at 100:1 as this is good enough to keep a reasonable margin in the
forex trader's accounts. For lower leverage like 50:1 to 25:1, you can leave that to the banks to provide
this choice to their customers instead of imposing a new regulation.
Thank you for reading.
