Comment Text:
i0-001
COMMENT
CL-00858
From:
Sent:
To:
Subject:
Gabriel Sallard
Tuesday, January 19, 2010 10:15 PM
secretary
PLEASE! Regulation of Retail Forex
This message isb regarding RIN 3038-AC61.
100:1 leverage is the reason I'm putting food on the table right now. The current
economic conditions have caused me to lose both my businesses even though they
have been voted best on Maui for the last 4 years running... I agree that leverage in
excess of 100:1 is dangerous to most beginning traders. I have always traded at
100:1 leverage. The biggest reason I use 100:1 leverage besides needing the money
(which is basically a deposit) is since there is no safety or government FDIC on
trading accounts. Traders would be forced to leave more money in an unsecured
environment. If you want to pass laws to protect traders, why not trying to regulate
the brokers, or making some sort of insurance for funds deposited in a trading
account. At least do this before forcing people to put up more money in their
unsecured trading accounts.
Thanks for listening,
Gabe
@Gabriel Sallard@
Owner
South Shore TiKi Lounge
1913-J So. Kihei Rd.
Kihei, Hi. 96753
Ambrosia
1913-H So. Kihei Rd.
Kihei, Hi. 96753
Cell: (808) 268-8384
