Comment Text:
i0-001
COMMENT
CL-04004
From:
Sent:
To:
Subject:
dainzaghidainzaghi
Tuesday, January 26, 2010 8:07 AM
secretary ; [email protected]
OBJECTION:Regulation of Retail Forex
"FCMs and RFEDs would be required to maintain net capital of $20 million plus 5% of the amount,
if any, by which liabilities to retail forex customers exceed $10 million"
OK,it will protect investors, I fully agreed with the proposal.
BUT
"Leverage in retail forex customer accounts would be subject to a 10-to-1 limitation"
who suggested it? Is he crazy? ! If it is approved, millions of investors will leave america, they will
go to another country, with their money.Thousands of retail forex dealers will go out of business
one by one.
It will destroy the retail forex market of america , which is established by the last generation ,
maybe your farther, your grandfather exert themselves to estabish it.
If the 10:1 limitation is approved, it can bring nothing but only a higher unemployment rate to
america, it will be a most stuipid decision in the world.
What we should do is to protect the market, not destroy it.
For a FREE, a STRONG AND COMPETITIVE USA, please withdraw the proposal of 10:1 limitation.
And I think the highest leverage should be 500:1, it can attract more investors of america and
other countries.
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