Comment for Proposed Rule 75 FR 3281
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From:
Johnson Shih
Organization(s):
Comment No:
2724
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02724
From:
Sent:
To:
Subject:
[email protected]
Friday, January 22, 2010 1:43 PM
secretary
Regulation of Retail Forex
I am against changing the retail leverage from 100:1 to 10:1¯ It is an overkill¯ It will make the domestic firms
totally uncompetetive against foreign firms.
¯ If leverage needs to be lowered, then 50:1 should be sufficient and still stay competetive.
If feasible, there should be different margins for intraday and overnight positions, just like the Futures.
Sincerely,
Johnson Shih
