Comment Text:
i0-001
COMMENT
CL-07269
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Sent:
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Subject:
VfeMail
Saturday, March 13, 2010 12:23 AM
secretary
[email protected]
Opinion on the CFTC's Proposed Leverage Change
I refuse the Proposal to change the Leverage from 100:1 to 10:1.
This Proposal will make
higher-cost
for small investors as they will look for Brokers to accomodate 100:1 and it
means raise of "the-Spread" accordingly. (not mentioning many more fake-brokers will be launched)
Thank you,
Adji, small investor.
attch: The said Proposal, I refused.
Maximum Leverage
u nder
Current
Reg ulations
USD/JPY
1 lot (100,000)
100:1 leverage (one percent)
Margin requirement: $1,000
Maximum Leverage
under
Proposed
Regulations
USD/JPY
1 lot (100,000)
10:1 leverage (10 percent)
Margin requirement: $10,000
