Comment Text:
i0-001
COMMENT
CL-07394
From:
Sent:
To:
Subject:
Thomas Cox
Saturday, March 13, 2010 7:51 PM
secretary
Comment on proposed changes to Regulation of Retail Forex
I am in favor of many of the elements of the proposed changes in RIN
3038-AC61. Requirements to better ensure financial stability and
integrity of brokerage firms are long overdue.
There is one element of the proposed changes that needs
reconsideration. Limitations on leverage to 10:1 only hurts the
small trader by vastly increasing margin requirements for trading. It
has no effect on the large players, it does nothing to insure
integrity of brokerage firms. I strongly urge you to remove this
clause from the proposed rules.
Sincerely,
Thomas Cox
