Comment Text:
i0-001
COMMENT
CL-06488
From:
Sent:
To:
Subject:
robert vahouny
Sunday, March 7, 2010 4:33 PM
secretary
Regulation of Retail Forex
March 07, 2010
CFTC
Dear Sirs:
To increase margins on forex trading will ruin trading for thevast majority of small
speculators like myself who trade currenciessafely and without problems. This is the
wrong way to protectthe public .
Margins are low in the currencies because prices moves are small.The leverage makes
trading attractive for speculators and increasesliquidity of the markets. I am a small
speculator who has been trading currencies for over 40 years without a single problem
or margin call.
If it s not broke, don t fix it. Let the exchanges set the margins.It s worked well for
over 40 years.
If margins are higher, it will force many small speculators out ofthe market
completely. Is that your aim?
Increasing capital requirements for dealers and increased disclosure rules will
protect the less knowledgeable and gulliblefrom disreputable brokers.
Sincerely
yours,
Robert Vahouny
113 Sequoia Drive
Vacaville, CA 95687
(707)
453-0582
