Comment Text:
i0-001
COMMENT
CL-03991
From:
Sent:
To:
Subject:
Peter Heginson
Tuesday, January 26, 2010 6:38 AM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex-RIN3038-AC61
Dear Sirs Iwould be pleased if you could accept my submission regarding retailforexregulation. I
am a foreign investor using several large U. S. Brokerage Companies who are realiablewith
excellent support service and agree that the need for regulation to protect retail customers. I am
imformedthata proposed change in the leverage ratio might affect many in the retail sector. As I
am only a small investor which there are many of us this proposed leverage ratio will make
it vertually impossible to do any trading do to the lack of vast capital needed to ensure that no
margin call is required. I believe most people who trade retail are well aware not to overtrade and
get into a position of financial difficulties as it is there own money at risk no doubt there are a few
who cast caution to the wind but this happens in many walks of life. I am in total agreement for
customer protection but not restrictions as most brokers only allow a person to trade to the limit
well below any deposit held as a safeguard this protects overtrading. May I finally say if this
proposed change does occur I will have to close my accounts down which will affect the ability for
these brokers to operate as most retail clients will view this in much the same way as I do. I hope
my views are accepted by yourselves and look foreward to many years of using US brokerage
companies
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