Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Kiko
    Organization(s):

    Comment No: 1750
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01750
    From:
    Sent:
    To:
    Subject:
    DeGuzman, Francisco
    Thursday, January 21, 2010 11:25 AM
    secretary
    Regulation of Retail Forex, R1N 3038-AC61
    Re:
    RIN 3038-AC61
    Dear Secretary,
    Please retain the current maximum leverage of 100:1 and the margin requirement of
    $1,000.
    All of the forex trades in the US will be detrimentally affected by the proposed change to
    leverage of 10:1 and minimum margin requirement of $10,000.
    If the 10:1 leverage happens, we will see an exodus of US dollars going to overseas
    forex brokers.
    Sincerely yours,
    Kiko