Comment Text:
i0-001
COMMENT
CL-05234
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Subject:
J R
Monday, February 8, 2010 6:31 PM
secretary
Regulation of Retail Forex
I firmly say leave the leverage levels alone and do not change them. Recently, the margin requirements were changed and
have basically mined micro accounts. Leverage changes will only worsen the micro accounts even further and there will be
no need to even try and trade FOREX anymore. But, maybe this is what the big money players really want? To push the
small retail people out of this picture like they do everything else in the financial markets. I hope someone uses their heads
and votes this measure down. As a matter of fact, the margin requirements need to be changed back to where they were. A
margin hike of 500% was uncalled for, and should have never passed. I will be closing my account with Forex if this new
measure if passed for sure.
J.K. Ruffin
Fayetteville NC
