Comment Text:
i0-001
COMMENT
CL-07585
From:
Sent:
To:
Cc:
Subject:
Paul Coumantaros
Monday, March 15, 2010 5:23 AM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
Dear Sirs,
I strongly oppose the reduction in forex leverage proposal. High leverage in fx trading is not responsible for the credit
woes associated with home price declines, high corporate and retail borrowings over the years and the problems that
resulted from the use of CDS's. In addition counterparty risk has been adequately protected by automatic liquidation
procedures whenever equity has fallen below margin levels, however low.
Res pecffu I ly,
Polychronis Coumantaros
