Comment for Proposed Rule 75 FR 3281
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From:
Kevin Kendall
Organization(s):
Comment No:
2774
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02774
From:
Sent:
To:
Cc:
Subject:
Kevin Kendall
Friday, January 22, 2010 3:03 PM
secretary
'kevin kendall'
Regulation of Retail Forex
Dear Secretary,
Please don't kill the retail forex market in the U.S. with RIN 3038-AC61.
Limit of 10 tO 1 leverage will only hurt U.S. Retail Forex Trade!
I strongly urge you to reconsider before implementing this restriction.
My risk model is determined by a certain percentage of total capital available for Forex trading, and not an
arbitrary amount such as 10 to 1.
Generally my risk is less than 10 to 1, but I have the freedom of choice to choose my risk tolerance, it is not
dictated to me.
I am sure that I am not alone in my assessment of RIN 3038-AC61. The only thing mandatory 10 to 1 leverage
will accomplish is to drive retail Forex to offshore accounts.
Thank-you for taking the time to read this.
Respectfully submitted by,
Kevin Kendall
[email protected]
