Comment Text:
i0-001
COMMENT
CL-07586
From:
Sent:
To:
Subject:
Cristian Marin
Monday, March 15, 2010 6:08 AM
secretary ; [email protected]
Against change in Forex leverage
Dear Sir,
I oppose the planned change in leverage.
A 10:1 leverage in USA will accelerate further capital move to countries outside USA.
This change doesn't make sense also due to the existing N 30:1 leverage in financial commodities.
As a personal note, my personal plans is as follows:
If the approved change in leverage takes place, I will move my Forex accounts to Europe (it just happens that
besides USA citizen I am also CE citizen).
Net change: will not pay income taxes for realized Forex gains, as the capital will not leave Europe. The UK
classification will be "Financial Spread Betting" - which is tax free.
Furthermore, in the near future I will start trading as trader in a LLC. Probably - if the leverage change takes effect -
that we will incorporate also in UK and move all funds to Europe where they will stay indefinitely (my main investor
is also CE citizen).
At the proper time I/we will relocate to Europe after the capital.
Thank you for your attention.
Cristian
