Comment for Proposed Rule 75 FR 3281
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From:
Tom Comstock
Organization(s):
Comment No:
2994
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02994
From:
Sent:
To:
Subject:
Tom Comstock
Friday, January 22, 2010 7:56 PM
secretary
new forex regulations
Hello. I've heard recently that you are thinking of reducing the leverage in FX markets to 10:1. I am adamantly opposed to
this. In my opinion you should leave the regulations alone as they are fine for those of us who trade forex.
Leverage is the reason why people trade forex. With leverage, someone can have a fairly small account size and trade
profitably. If you decrease the leverage ratio, it will effectively take away opportunities from small traders. Again I say,
please leave things alone. It's not broke so quit trying to fix it!
Sincerely,
Tom Comstock, trader
