Comment Text:
i0-001
COMMENT
CL-08688
From:
Sent:
To:
Cc:
Subject:
Icash Arena
Saturday, March 20, 2010 12:16 PM
secretary
[email protected]
Regulation of Retail Forex
Dear Sir,
With due respect, I wish to draw your attention to the above subject matter.
As far as investors (spot forex traders) are well informed of the inherent risk involved in otc trading by the broker
which is usually displayed on their website, it is left for traders to decide what risk approach to adopt.
It will be a denial of priviledge to trade on high leverage if we choose to, as far as we know the risks involved.
Going by the decisions of the CFTC, there will total lost of jobs in the otc industry in the US if you implement the rule
10:1 leverage.
Kindly revert your intended plan.
Thanks
Francis Awo
Icasharena Global Limited
