Comment for Proposed Rule 75 FR 3281
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From:
Yasser Sedhom
Organization(s):
Comment No:
1894
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01894
From:
Sent:
To:
Subject:
Yasser Sedhom
Thursday, January 21, 2010 2:38 PM
secretary
Regulation of Retail Forex
Mr. Secretary,
The new rule to increase the leverage to 10:1 will abseloutly paralyze
the retail market. ! assume the reason for the increased leverage is to
protect the consumer from major losses. Increasing the leverage, I
think, will just have retail customers add more capital and still loose
more money. It will hurt when the capital runs under $10,000 and we
cant even get one lot.
! agree on the dealer side to add more regulations so that they don't
shutdown and leave the forex trader with no money.
Thank you
Yasser - forex trader
