Comment Text:
i0-001
COMMENT
CL-05355
From:
Sent:
To:
Subject:
Arthur Apostolakos
Saturday, February 13, 2010 11:20 AM
secretary
Regulation of Retail Forex
Dear Sir,
Your proposal to change the leverage to 10 tol will force me to send my money out of the country to a
foreign broker. Is that what you really thing would be good for our country at this time?
I understand your intent is to save the investor from himself but the truth is we will just go somewhere
else. The ripple effect will be that US brokers will have to lay off employees.
I didn't like the reduction to 100 to 1 but it was manageable. This will be imposable for me. I will have
to go to a broker that offers at least 100 to 1 preferably 200 to 1.
Best regards,
Arthur Apostolakos
