Comment Text:
i0-001
COMMENT
CL-05230
From:
Sent:
To:
Subject:
Donald Strong
Monday, February 8, 2010 5:46 PM
secretary
Regulation of Retail Forex
While I'm in favor of requiring all forex brokers and dealers to register, meet stricter capital
requirements, disclose financial position on a regular basis, etc., as well as other measures aimed at
preventing fraud in the forex market, I am adamantly opposed to the proposed changes in margin rules,
which would severely cripple my ability (and those of many other traders) to make good returns in
this market.
Certainly, there are scrupulous participants in the forex arena these days - including marketers of
EAs with a limited, proven track record, but a drastic change like this will force many, including
myself, to search for avenues outside the US where they can trade with fewer restrictions. We're aware
of the risks involved in highly leveraged positions and the need for sound risk management, but to
impose these new margin requirements seems somewhat excessive in nature and of little benefit to any
active trader.
Anyway, just my 2¢ worth.
Donald Strong
Cedar Rapids, IA
