Comment for Proposed Rule 75 FR 3281
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From:
Gerard Chin
Organization(s):
Comment No:
3025
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-03025
From:
Sent:
To:
Subject:
Gerard Chin
Friday, January 22, 2010 9:10 PM
secretary
To Whom it may Concern.
The unintended consequences of your proposal to reduce margin to 10:1 will not benefit those of us
whom you are trying to protect but rather prevent us from any participation. The baseline account size
will have to go up hence the Big Money will just get bigger.
My coaches at FX Bootcamp hammer home every session the inherent risks involved and stress proper
RISK Management- a critcal requirement along with a mechanism to protect me from my broker taking
the counter trade to my trade.
Regards
Gerard Chin
