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Comment for Proposed Rule 75 FR 3281

  • From: Joseph P Vadara
    Organization(s):

    Comment No: 5374
    Date: 2/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05374
    From:
    Sent:
    To:
    Cc:
    Subject:
    Joseph Paul Vadara
    Monday, February 15, 2010 7:19 AM
    secretary
    [email protected]
    My idea about leverage reduction.
    with much pleasure, i want to express my view regarding the decision that CFTC is trying to take concerning the limiting
    the leverage of 1 : 100 to 1 : 10.actually i want to say that it will not be good for the leverage to be limited to 1 : 10 instead of the
    existing one of 1:100.just as alpari has discover,it will not be encouraging for beginners, though it is well known that the
    higher the profit also the higher the lost, yet i think living it as it is now is better, since even as it is now is still allow for a
    client to trade at 1:10 so it is likely the same. but it will be very good and encouraging if the leverage will maintain its
    position of 1:100 instead of limiting it to 1:10 only. Thank you.
    Joseph paul vadara.