Comment for Proposed Rule 75 FR 3281
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From:
Calvin Lamb
Organization(s):
Comment No:
2795
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02795
From:
Sent:
To:
Subject:
Calvin Lamb
Friday, January 22, 2010 3:32 PM
secretary
Regulation of Retail Forex
Dear Secretary,
ID: RIN 3038-AC61
As a private investor in the foreign exchange market I want to express my concern over proposed
regulation in the forex market. The proposed rules would require retail customers to provide substantial
deposits in order to limit leverage to 10:1. As you are aware, leverage is currently 100:1. A decrease in
leverage and increase in deposit requirements would severely cripple the ability of private retail
investors to invest in the foreign exchange market. I urge you and members of your commission to
reconsider the proposed rules, and at the least remove the language which would limit leverage to 10:1.
Retail investors should be given the freedom to choose the appropriate amount of leverage for their
individual trading style and risk tolerance.
With Respect,
Calvin Lamb
