Comment for Proposed Rule 75 FR 3281
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From:
Vassilis Kapsis
Organization(s):
Comment No:
2902
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02902
From:
Sent:
To:
Subject:
Vassilis Capsis
Friday, January 22, 2010 5:46 PM
secretary
Regulation of Retail Forex
Dear Sir,
I am sending you this email to let you know that I disagree with the proposed regulations concerning
retail foreign currency transactions.
I am a trader and I know my risks. With the proposed regulations I will need a much larger capital than
my current one.
I could suggest that the leverage is not automatically set by the broker but the trader has to decide and
select the leverage he wants.
I could also suggest that the trader before to open an account to read and sign a simple document
(avoiding the legal terminology) that will clearly explain how much money is at risk every time and how
to calculate the risk.
My best regards
Vassilis Kapsis
