Comment for Proposed Rule 75 FR 3281
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From:
Seun Wright
Organization(s):
Comment No:
1535
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01535
From:
Sent:
To:
Subject:
Seun Wright
Thursday, January 21, 2010 4:14
AM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
RIN 3038-AC61
I am sending this message as a customer who uses the forex broker with the about RIN; I just
wanted to say that changing leverage amounts to 10:1 will eliminate traders like me with small
accounts ($2000). The 100:1 leverage is the only reason why I am able to get into the market and
trade.
If any regulations are made they should be done with consideration of the account size so different
leverages based on the account size:
100:1 -> accounts <$50,000
10:1 -> accounts >= $50,000
Seun Wright
[email protected]
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