Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Kevin Kinsella
    Organization(s):

    Comment No: 5749
    Date: 3/3/2010

    Comment Text:

    i0-001
    COMMENT
    CL-05749
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Wednesday, March 3, 2010 7:39 PM
    secretary
    Forex Trading Leverage
    To Whom It May Concern:
    F~egarding the proposed broad regulatory changes that include reducing the current leverage available to fore× traders from
    100:1 to 10:1 ....
    I urge you to please leave the current leverage requirements as-is.
    This is a critical part of my investment strategy, and changing these leverage requirements will basically
    knock me out of the trading environment entirely -- because of the increased capital requirements to
    trade.
    So long as the Forex trading firms ACTIVELY educate their investors about the risks of high leverage --
    let it be up to the individual investor to make this decision (as to their risk tolerance).
    Kevin Kinsella