Comment for Proposed Rule 75 FR 3281
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From:
Bernard Karaba
Organization(s):
Comment No:
2393
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02393
From:
Sent:
To:
Subject:
bernard karaba
Friday, January 22, 2010 12:35 AM
secretary
Regulation of Retail Forex
Dear Sir,
I would like to voice my concern regarding the proposed regulations on
limiting leverage on forex transactions from 100:1 to 10:1.
As an international investor, i find leverage a big boost while
investing. I find it unneccesary if the proposed ammendment is meant
to protect investors while trading. Every investor is aware of the
risk involved while trading, and, therefore, has a duty to protect
their investment through proper money management.
I hope my recommendations are taken seriously, since i have invested
alot of time, energy, effort and resources into trading and it would
be a big loss for me if that kind of ammendment was effected.
Regards,
Bernard Karaba
