Comment Text:
i0-001
COMMENT
CL-08872
From:
Sent:
To:
Subject:
lynval hastings
Monday, March 22, 2010 2:38 PM
secretary
Regulation of Retail Forex
Dear Secretary,
As a member of the forex trading fraternity, I think that the proposed leverage change
of 10:1 will definately cause a contraction in the number of traders in the industry, and the profitability
of traders. Brokerage firms profits will be impacted, which might result in fewer brokerages firms, as
well.
Please reconsider this proposal. Let the leverage stay at 100:1.
Thanks,
Regards,
Lynval Hastings.
