Comment Text:
i0-001
COMMENT
CL-06856
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Sent:
To:
Cc:
Subject:
Mark Tabak
Friday, March 12, 2010 6:40 PM
secretary
[email protected]
Regulation of Retail Forex
This note is in reference to identification number RIN 3038-AC61
I am writing submit my comments on the proposed change of leverage in retail Forex to a 10-to-1 limitation.
I personally vote AGAINST the proposed changes. I simply OBJECT to the reduction in leverage. I think that it
should be left up to individual investors to choose which leverage ratio is appropriate for them. If the proposed
changes were in fact to change, it would simply mean that more customers who desire this higher leverage ratio
would close their accounts here in the USA and open accounts abroad. This is already happening with respect to
hedging rule changes and other changes. All it does is put our home based brokers at a significant disadvantage.
And it makes consumers move their assets from a safer, higher regulated environment here in the USA to riskier,
less regulated countries. Therefore, ironically, consumers are actually at greater risk as a result of the proposed
changes in leverage.
Regards,
Mark Tabak
My contact information is Mark Tabak, P.O. Box 601 AIpharetta, GA 30009. 404-786-5360
