Comment Text:
i0-001
COMMENT
CL-08062
From:
Sent:
To:
Subject:
Tarek Ahmad Ali
Tuesday, March 16, 2010 9:26 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I have objection to decrease leverage from 100:1 to 10:1, it could be one of the choices option
and client has the ability to select between them, but to limit the leverage to be minimum 10:1,
this will drive me and most investors in US I think to find one of two ways after withdraw
money, first way to find another FOREX company outside US not regulated under this role,
second way to stop trading in FOREX, this with additional of the related problems in FOREX
companies which regulated under this role that customers could reduced to about 10%, and
90% of customers will find one of the other ways explained above in my opinion.
Hope this explained some of disadvantages and problems of limit leverage to 10:1 proposal,
and to be subject of client choice not limited to minimum.
I'll appreciate to ignore this leverage proposal.
Thanks & Regards
Tarek A. Ali
