Comment Text:
i0-001
COMMENT
CL-08737
From:
Sent:
To:
Subject:
Czarina Cleopatra Mendoza
Sunday, March 21, 2010 6:56 AM
secretary
Regulation of Retail Forex
To Whom It May Concern:
I wrote to express my thoughts about the 1:10 maximum leverage proposed rule. The probable result/s of this rule, if passed,
could be:
#1 beginner traders would not invest in forex;
#2 beginner traders would still invest in forex but they will not bother to study how the market works because they think 1:10
leverage is protecting their margin and small losses would not kill their account that quick;
#3 traders will open an account somewhere outside the US, where they are allowed to trade more than 1:10 leverage; or
worse,
#4 brokers will lose their customers and lead to their business' demise.
Please review this proposal carefully.
Best regards,
Czarina Cleopatra
Code:
RIN 3038-AC61
