Comment for Proposed Rule 75 FR 3281
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From:
Oluwatoyin Ekundayo
Organization(s):
Comment No:
723
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00723
From:
Sent:
To:
Subject:
Oluwatoyin Ekundayo
Tuesday, January 19, 2010 4:53 PM
secretary
Leverage of 1:10 is as good as outlawing Retail forex trading, we have a saying here in my part of the
world ," It is height of wickedness in a man who desire that you eat but not to your satisfacction" I think
that is what CFTC is trying to do, it is not helpful, I dont support excessive leverage it is a double edged
sword but too little is an obstruction to the business I would propose a maximum of 1:200, this is
reasonable enough for any sane trader.
Toyin
