Comment for Proposed Rule 75 FR 3281
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From:
Brian K O'Connor
Organization(s):
Pfzier Biotech
Comment No:
1533
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01533
From:
Sent:
To:
Subject:
O'Connor Brian K
Thursday, January 21, 2010 4:11 AM
secretary
Regulation of Retail Forex
RE:
RIN 3038-AC61
I believe that as a grown man I am well capable of making decisions around the leverage I choose with Forex
markets. Trading in any market is risky and investors are well warned of the consequences prior to opening any
accounts. People make money and lose money on a daily basis in Forex. By restricting the leverage the only
person who loses out is the trader who has just started trading or does not have the significant investment that
other traders might. Please don't hurt the small traders. Can we make our own decisions?
I am in no way of support to any changes in leverage such as example below.
Maximum Leverage under Current Regulations
USD/CHF
100:1 leverage (one percent)
1 lot (100,000)
Margin requirement: $1,000
Maximum Leverage under Proposed CFTC Changes
USD/CHF
10:1 leverage (10 percent)
1 lot (100,000)
Margin requirement: $10,000
Brian K. O'Connor
Manager
Quality Analytical Development
Pfizer Biotech
Grange Castle Business Park
CIondalkin, Dublin 22
Tel: +353 (1) 469 4362
Mobile: +353 (87) 911 3555
Fax: +353 (1) 469 4361
