Comment for Proposed Rule 75 FR 3281
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From:
Igor Vasylyev
Organization(s):
Comment No:
3010
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-03010
From:
Sent:
To:
Subject:
Igor Vasylyev
Friday, January 22, 2010 8:33 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear friends!
I am a Canadian trader. In the Forex market I've been since 2006. Despite on this period of time I
consider myself as a novice in the market. According to the risky conditions of trading I can afford
myself just a maximum leverage of 100:1. As an individual trader I would prefer to stay on that one. But
if CFTC cannot find another way to eliminate fraud within the Forex Market except reducing the
leverage limits from 100:1 to 10:1 so that I believe may lead individual traders to seeking non-U. S.
brokers or those once who can provide a wide spectrum of instruments for a success trade. Personally, I
don't believe that the new regulation which is gonna be in March 2010 can help in a struggle with fraud
but I believe it can help individual traders loose their deposits faster kicking them out of the market.
Think about it.
Sincerely Igor Vasylyev.
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