Comment Text:
i0-001
COMMENT
CL-03487
From:
Sent:
To:
Subject:
Han .cn
Sunday, January 24, 2010 9:32 AM
secretary
Regulation of Retail Forex
I am a forex trader in China and I have been using US brokers for several years and very satisfied.
Compared with other countries brokers, the aspects of US counterparties appealing me, which I think
apply to other countries clients also, are:
1, Strong and respectable regulation bodies,
2, Sound and sophisticated financial infrastructure,
3, US as a country have a tradtion for the protection of international investors,
4, US based forex firms are generaly more financially solid and well-managed.
Regarding your recently regulation proposal, I fully agree to enhance industry oversight, but I don"t
like put any restrictions on leverage. Leverage is a very important tool for us seeking financial
freedom as your Amercian, and lowering leverage dramatically like this will not only hurt our clients
feeling but also drive us to other countries (ie. unregulated) brokers despite above advantage. This is
not a win-win situation, it"s a lose-lose situation that you probably wouldn"t expected.
Please reconsider your proposal.
Regards,
Peter Han
