Comment Text:
i0-001
COMMENT
CL-08817
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Sent:
To:
Cc:
Subject:
Jonathan Hiscott
Monday, March 22, 2010 2:35 AM
secretary
[email protected]
Regulation of Retail Forex
Hello, I'd like to comment on proposed regulation, RIN 3038-AC61
If Americans are limited to a 10:1 leverage ratio, I will almost
certainly and immediately simply open an account with a foreign
broker. I agree that leverage over 100:1 is silly, but 10:1 is not
enough, leverage exists for a reason beyond simply suckering folks who
can't do math into thinking a 400:1 leverage has some sort of
advantage.
I also agree that there needs to be more regulation in American
currency trading. The U.K. has regulation that makes sense and is
helpful, let's copy them.
Thank you,
Jonathan Hiscott
