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Comment for Proposed Rule 75 FR 3281

  • From: Carlos Valencia
    Organization(s):

    Comment No: 4951
    Date: 2/4/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04951
    From:
    Sent:
    To:
    Subject:
    Carlos Valencia
    Thursday, February 4, 2010 8:49 AM
    secretary
    Regulation of Retail Forex
    Please consider my comments about the proposal of limiting the leverage to 10-1 in
    Forex accounts. I don not agree with this proposal given that ir would limitate the
    access of small capitals to this market.
    Please consider that limiting leverage is not a solution to protect investors. If an
    investor doesn't have good money management practices, that person would loose all
    the money in the account nomatter how high the leverage is.
    Thanks for your attention;
    CARLOS VALENCIA