Comment for Proposed Rule 75 FR 3281
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From:
Jason Badla
Organization(s):
Comment No:
582
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00582
From:
Sent:
To:
Subject:
Jason Badla
Tuesday, January 19, 2010 1:15 PM
secreta ry < secretary@ C FTC. g ov >
Fo rex Leve rag e
Dear Sir
I have just read about a proposal to restrict the forex market leverage to 10:1.
Iama retail trader who has spenta lot of time and effort learning the forex market it's risks as
well as it's rewards, I would like to say this move would be catastrohic for people like me who
trade in this market and understand fully the concept of leverage.
I fully appreciate the need for controls given the current worldwide economic situation but to target
this at this time does not return maximum benfit to the majority.
There are institutions who market forex as a get rich quick scheme with the downside and I think
these are the areas which need to be controlled and which would benefit the retail trading
community globally.
Regards
Jason Badla
Bsc Hons
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