Comment for Proposed Rule 75 FR 3281
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From:
Curt Larson
Organization(s):
Comment No:
1665
Date:
1/21/2010
Comment Text:
i0-001
COIMMENT
CL-01665
From:
Sent:
To:
Subject:
Curt Larson
Thursday, January 21, 2010 9:39 AM
secretary
Regulation of Retail Forex
To whom it may concern,
I'm writing in response to RIN 3038-AC6, about the proposed regulation
of maximum leverage in retail forex trading. I believe that the
proposed margin limitations will either hurt small investors, or force
them to open accounts with foreign brokers. I can understand wanting
to limit some of the brokers that offer 500:1 leverage, but reducing
the leverage maximum to 10:1 is too low. I believe 100:1 would be a
better choice. Still high enough to be competitive with foreign
brokers, and still much safer than the 500:1 some broker advertise.
Thank you for your time,
Curt Larson
