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Comment for Proposed Rule 75 FR 3281

  • From: Frank Chapman
    Organization(s):

    Comment No: 5410
    Date: 2/16/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05410
    From:
    Sent:
    To:
    Subject:
    Frank Chapman
    Tuesday, February 16, 2010 5:49 PM
    secretary
    Industry Filings: Comments on Industry Submissions: Retail Forex Transaction
    Subject: Forex leverage changes to 10:1 for retail traders.
    I am opposed to any changes in the leverage rules, regarding retail forex.
    I can control my own risk and leverage exposure though the use of micro, mini, or full contract size
    transactions and proper money management techniques.
    I do not feel that the change in leverage regulation will protect retail traders from themselves. That situation
    is a question of trader competence, not leverage.
    Respectfully submitted,
    Frank Chapman