Comment Text:
i0-001
COMMENT
CL-07134
From:
Sent:
To:
Cc:
Subject:
Andre Samarcq
Saturday, March 13, 2010 2:03 AM
secretary
[email protected]
Regulation of Retail Forex
Dear Sirs.
I object strongly to this projected further reduction in leverage to be
imposed on traders.
It was not long ago that 400:1 leverage was available. This was reduced
recently to 100: 1. Surely that should be sufficient.
If you ask me, I think this thinking is OVERKILL due to GI=C.
Most of the GFC problems were due to corporate type organisations, and
corruption, not the ordinary trader.
Please think again and leave things as they are, in order to give
incentive to the small trader. After all, the more the merrier to make
things happen again.
Regards, Andre S ID: RIN 3038-AC61
By the way, I am a resident of Australia.
