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Comment for Proposed Rule 75 FR 3281

  • From: Pablo Francesca
    Organization(s):

    Comment No: 899
    Date: 1/20/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00899
    From:
    Sent:
    To:
    Subject:
    Pablo Francesca
    Wednesday, January 20, 2010 1:31 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Trading forex is always going to be a risky investment. However, it does provide the potential
    for great earnings. Instead of a blanket limit on leverage ratios, please consider permitting
    higher leverage ratios for lower account sizes. For example, perhaps it makes sense to limit
    leverage for an account with $1,000,000 or more in order to limit systemic risk, but small
    individual traders do not constitute the majority of the volume of the FX market. It makes little
    sense to limit the earnings potential of the little guy.