Comment Text:
i0-001
COMMENT
CL-07421
From:
Sent:
To:
Cc:
Subject:
Robert Kuhn
Saturday, March 13, 2010 11:56 PM
secretary
[email protected]
Leverage reduction proposal
By the means of this letter I wish to express my strong disapproval to
proposal of reducing Forex trading leverage to 10:1. Such move would,
effectively, prevent small investors from participating in Forex
trading, slanting the playing field toward large brokerages capable of
contributing large sums of money toward margins.
Also, it would spur most of us - average and small investors - to take
our business to other, often exotic, jurisdictions. US-based brokerages
would then become net losers in the sense that they'd be precluded from
collecting spread (which, in effect, is equivalent to trading
commission). Finally, their reduced income would eventually translate
into reduced US budget income from taxes.
Sincerely
S. Robert Kuhn
