Comment for Proposed Rule 75 FR 3281
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From:
Kenneth Finsand
Organization(s):
Comment No:
1734
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01734
From:
Sent:
To:
Subject:
KENNETH FINSAND
Thursday, January 21, 2010 11:12 AM
secretary < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
RIN 3038-AC61
To whom it may concern:
I am extremely opposed to the idea of de-leveraging retail forex accounts, all that does is not allow
investors like me with smaller capital not participate in this market. But increasing the margin
requirements you would need to have a minimum of 20K to trade safely with 1 standard lot, all you
will do, is cause people to trade on a tight margin with no breathing room for error, in a volatile
market like forex you need that breathing room. Please reconsider and continue allowing 100 to 1
leverage.
Thanks,
Kenneth Finsand
