Comment Text:
i0-001
COMMENT
CL-00232
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Subject:
JonJon
Sunday, January 17, 2010 6:44 AM
secretary
Regulation of Retail Forex
1:100 leverage is popular and necessary for a reason.
Please do not require a 1:10 leverage. This proposal
would hurt every single entity involved in the business.
Everybody knows the inherent risk of trading investments,
you cannot regulate risk. You will only end up hurting the
entire industry. Anti-hedging rule was bad enough and
now you are considering 1:10? Forcing 1:100 only
on brokers was also bad enough but 1:10 will have a
completely halting effect on the industry. Just try it
and see what happens. Only the wealthy will be
able to participate in the market. Is this what you want?
Please... do not consider the 1:10 leverage rule.
Jon
[email protected]
