Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Raymond A Carini
Organization(s):
Comment No:
884
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00884
From:
Sent:
To:
Subject:
Ray Carini
Tuesday, January 19, 2010 11:59 PM
secretary
RIN3038-AC61 Comments
I wish to make a comment regarding proposed rule-making regarding the retail Forex market.
I fully support the proposed limitation of leverage to 10:1 I feel that much of the volatility in the market is due to
the very high leverage currently available. I also feel that the typical 100:1 leverage currently existing allows
excessive risk, especially for new traders.
I understand that the danger in this regulation is that some traders may open offshore accounts that would not be
subject to the 10:1 limitation and I strongly encourage you to work with the regulators of other major countries to
attempt to persuade them to enact similar regulations.
Raymond A Carini
24405 222
nd
Ave SE
Maple Valley, Wa. 98038
