Comment for Proposed Rule 75 FR 3281
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From:
Jason Karpeles
Organization(s):
Comment No:
956
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00956
From:
Sent:
To:
Subject:
Jason Karpeles
Wednesday, January 20, 2010 11:05 AM
secretary
Regulation of Retail Forex: RIN 3038-AC61
Regarding Regulation of Retail Forex: RIN 3038-AC61
I have been trading retail Forex for several years and depend on a 100:1 leverage for my investment
strategies. Although I can see why 400:1 and 200:1 is a bit excessive I believe 100:1 is quite reasonable
given the variability of the Forex market. I would rather see a minimum account size implemented
before 10:1 leverage is implemented. 10:1 makes hedging less feasible and decreases the flexibility of
investment strategies with the Forex environment.
Please do not alter the margin requirement to be less than 100:1.
Regards,
Jason Karpeles
