Comment Text:
i0-001
COMMENT
CL-03998
From:
Sent:
To:
Subject:
Peter Heginson
Tuesday, January 26, 2010 7:39 AM
secretary < secretary@ 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 people from overtrading and is in the
interest of both parties.If these proposed leverage ratio are implemented many retail clients
including myself will not be able to carry on trading and will affect US brokerage companies to exist
equal JOB LOSSES personally I will have to close my accounts down. Regards PeterHeginson
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