Comment Text:
i0-001
COMMENT
CL-01983
From:
Sent:
To:
Subject:
LBB
Thursday, January 21, 2010 4:40 PM
secretary
'Regulation of Retail Forex' in the subj ect line of your message and the
identification number RIN 3038-AC61 in the body of the message.
Hello
'Regulation of Retail Forex' in the subject line of your message and the identification number RIN 3038-
AC61 in the body of the message.
I am concerned about ther limitation of the leverage of forex.com accounts. I think a better use of
regulation of this market would be a change in the way forex.com
holds customers funds. For example
the UK division of forex.com
is required to keep the customers funds in seperate accounts thus if
forex.com
goes bankrupt the customers do not loose there money. In the US
forex.com
is not required
to do this thus the customers money can be lost as a result of mismanegment. I believe the US
forex.co
should place customers money in FDIC insured accounts and the FDIC insurance level should be raised
or forex .com should have to place customers money in multiple account to insure it's safety.
Thank You
David
