Comment for Proposed Rule 75 FR 3281
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From:
Demetris Anglezis
Organization(s):
Comment No:
1822
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01822
From:
Sent:
To:
Subject:
Demetris Anglezis
Thursday, January 21, 2010 12:53 PM
secretary
Regulation of Retail Forex
Regulation of Retail Forex
proposed leverage restrictions
RIN 3038-AC61
I am writting to inform you that I oppose the new limitations in retail forex, as a retail forex trader. This
proposal will only hurt small investors like me as ALL trading firms require higher leverages for
accounts >$25,000. Furthermore, your actions will have the opposite from desired stability effect
because the removal of liquidity from the marketplace will cause moves to be much more violent and
uni-directional, something the FX market does not need. Additionally this will simply limit the US
investor and make US markets more subj ected to international trading, as other nations won't follow
with such restrictions. This is econ 101. Common guys!
Sincerely,
