Comment Text:
i0-001
COIMMENT
CL-01616
From:
Sent:
To:
Subject:
Sal
Thursday, January 21, 2010 8:31 AM
secretary
Regulation of Retail Forex
Hello,
I am against the proposed rule change to have Forex leverage set at 10:1. Perhaps some brokers offering 100:1,
200:1 or more is unreasonable but not 50, 60 or 70. A leverage ratio of 50:1 at least puts the level reasonable
compared to other standard financial product offerings. The reduction in liquidity could set off a chain reaction
with unintended consequences. It seems that reigning in 100:1 or more leverage is not a bad idea, drastic moves
seem unreasonable. And, if retail forex has less of an impact in day to day trade, then this rule change will benefit
no one. If this is the case, then big banks and investment houses that can set their own leverage ratios will still
move the market the most.
Please proceed with discretion and consider a reasonable ratio of 50:1 before moving straight to 10:1.
Unintended consequences are a serious matter to consider from quick drastic changes in regulation.
Best Regards,
Sal Lanzetti
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