Comment Text:
i0-001
COIMMENT
CL-06896
From:
Sent:
To:
Cc:
Subject:
Attach:
[email protected]
Friday, March 12, 2010 7:20 PM
secretary
[email protected]
Regulation of retail Forex
sf2753 .excite.vcf
To whom it may concern. I view the proposed regulation requiring a1:10 leverage in
the trading of retail foreign exchange as a blatant and elitist attempt to shut the
small investor out of a possible source of investment that may not require relative
large sums to be implemented. A margin of 10% per lot of 100.000 is excessive and
discriminatory and confirms the general opinion that only the "haves" have a "right"
to more, at the expense and detriment of the "have-not". I also believe that the
regulation in question - if enacted - is an obvious cave-in under the pressure of
other commodities interests.
A much more useful expenditure of
regulatory effort should be directed to controlling the many ~inal and not so
honest brokers - such as those who manipulate spreads at will and trade against
the client as well. I truly hope your Agency will listen to the many voices of
legitimate protest and leave the present margin requirements in place. RIN3038-
AC61 Best regards. Stelio Fantoli.
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