Comment Text:
i0-001
COMMENT
CL-07138
From:
Sent:
To:
Cc:
Subject:
Ben
Gerritsjans < ben.gerritsjans@gerkamp, nl >
Saturday, March 13, 2010 2:26 AM
secretary
[email protected]
Regulation of Retail Forex
Identifioation number:RTl~l
3038-AC61,
DearDavid Stawick,
I heard of proposals to deminish the leverage in retail Forex to 10:1
I recommend you keep the situation as it is. Changing to the proposed level of leverage would mean that small traders are out of business; only the big institutional traders
would benefit. Therefor it is dead against American philosophy of freedom of business. The choice of leverage is between the one who's offering (broker) and the one who's willing
to take a higher or smaller risk. No government interference!
I am a small trader and it would be disastrous for me and my family; in current situation I can make my living in Forex now. In the proposed situation I would nead at least tenfold
of the investment to earn the same income.
What is important that the Forex is transparent to all, especially the new comers; people who step in this sort of trading should be informed thoroughly about the risks, especially
the risk of high leverage.
Protection the way as proposed is humiliating to everyone that tries to make a living from these trades.
Ben Gerritsj arts
ben. [email protected]
0481-464334
