Comment Text:
i0-001
COMMENT
CL-01240
From:
Sent:
To:
Subject:
Christopher Holland
Wednesday, January 20, 2010 9:55 PM
secretary
Regulation of Retail Forex
RE: ID number RIN 3038-AC61
Dear Sir,
It is with great disappointment that I read of potential further changes to margin requirements. Last year hedging
was banned, then margin reduced from 400 or 200:1 down to 100:1, and now talk of 10:1? This is madness.
Traders do not need more regulation or protection. There is no logical reason to require further capital to trade,
unless your
goal
is to drive business
away
from US brokers and eliminate jobs.
Please do not lower margin rates any further. It will prove disastrous for smaller retail traders and brokers in the
US.
Sincerely,
Chris Holland
Chris Holland
8 Belmont Terrace
Gorham ME 04038
207.450.6010
[email protected]
