Comment Text:
i0-001
COMMENT
CL-06938
From:
Sent:
To:
Cc:
Subject:
Brian Gill
Friday, March 12, 2010 7:47 PM
secretary
[email protected]
Regulation of Retail Forex
I am writing to give my input on the proposed changes in the leverage allowed in retail
forex trading through US brokerages.
I think it is a huge mistake to assume that the current leverage ratios used by retail
Forex brokerages are in need of change.
Changing the ratios to a 10:1 leverage from
a 100:1
leverage will not have any positive
affect for customers or brokers.
I have not seen a good argument in favor of making the changes, and some of the
recent changes enacted should be reversed, such as restricting the nature of open
positions by implementing the "FIFO" and other ancillary rules.
These measures seem to be chasing after a phantom problem that does not exist. I
have been trading in Forex for the past several years and I know how to mitigate risk
exposure on my own by limiting the lot size of any position that I am to open, and
maybe your efforts should be focused on educating investors rather than trying
draconian measures with no positive, measurable results.
RIN
3038-AC61.
Brian Gill
