Comment Text:
i0-001
COMMENT
CL-08435
From:
Sent:
To:
Subject:
Siv Vaidhyanathan
Thursday, March 18, 2010 6:46 AM
secretary
Regulation of Retail Forex
Identification number RIN 3038-AC61
Sir,
The latest proposal on the regulatory issue on Retail Forex needs a very careful and thoughtful
study. Please understand the various problems that will peril the small traders throughout the
world side by side affecting the already regulated retail forex trading in the United States. The
existing 1:100 leverage is just perfect for people who don't want to go outside for work as well
as for people who don't have employment and the 1:10 would only lead all the funds to go
offshore putting the recovering US Economy in worst condition. This may also lead to the
entry of wrong people in the Forex Industry who may run the show in an unprofessional way
and may also lead to put in danger the clients funds.
I pray let us not disturb the proven existing system that may cost millions of dollars in revenue
for US and keep the existing system intact for the benefit of all.
Siv
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