Comment Text:
i0-001
COMMENT
CL-06793
From:
Sent:
To:
Subject:
Demetris Anglezis
Thursday, March 11, 2010 7:54 PM
secretary
new forex positions limits
[email protected]
Regulation of Retail Forex
proposed leverage restrictions
RIN 3038-AC61
I am writting to inform ~'ou that I oppose the new limitations in retail forex, as a retail forex trader. This proposal
will only hurt small investors like me as ALL trading firms require higher leverages for accounts >$25,000.
Furthermore, your actions will have the opposite from desired stability effect because the removal of liquidity from
the marketplace will cause moves to be much more violent and uni-directional, something the FX market does not
need. Additionally this will simply limit the US investor and make US markets more subjected to international
trading, as other nations won't follow with such restrictions. This is econ 101. Common guys!
Sincerely,
Demetris Anglezis
