Comment for Proposed Rule 75 FR 3281
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From:
Jim J More
Organization(s):
Comment No:
825
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00825
From:
Sent:
To:
Subject:
[email protected] <"[email protected]">
Tuesday, January 19, 2010 8:12 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Enforcing a leverage of i0:i for retail forex is a terrible idea.
It does not solve any problem - on the contraty, it will ruin the
market in the united states.
Brokers will hold more of clients money (because higher deposits will be
required to trade the same volume) and traders will have more broker
risk, because if a broker goes down they will take more traders money
with them.
Clean up the brokers instead of making traders life more difficult.
Jim
