Comment Text:
i0-001
COMMENT
CL-08475
From:
Sent:
To:
Subject:
Bill Burton
Thursday, March 18, 2010 10:46 AM
secretary
Regulation of Retail Forex
I am writing in regard to RIN 3038-AC61 which proposes to limit the leaverage for retail forex traders to a
10-to-1 basis. I feel that this limitation would be most unfair to the small retail trader especially since the
large speculative traders have caused the most damage to the markets with their unlimited resources. A
leverage limitation would really have no effect on these large traders anyway. Also the small retail trader
is quite limited in his/her trading due to the simple fact that their broker would immediately liquidate all of
their positions in the event of a margin call.
I would appreciate it if you would consider my remarks and leave the forex margin requirements for the
retail trader as they presently are now. Thank you.
Sincerely yours,
Wilton S. Burton Jr.
