Comment for Proposed Rule 75 FR 3281
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From:
Huseyin Kurt
Organization(s):
Comment No:
2487
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02487
From:
Sent:
To:
Subject:
h~seyin kurt
Friday, January 22, 2010 7:31 AM
secretary
Regulation of Retail Forex
Dear Sirs,
I have learnt CFTC's proposal about lowering the leverage for reatil forex accounts from 1:100 to l:10. I
believe, this will not be in favor of small investors, who try to acquire some earnings with limited
investment. It will also lead to a rush to other countries for opening such accounts and lower the
transaction volume significantly. Therefore, the broker companies will also be negatively influenced
from such a regulation and their contribution to US economy will drop considerably.
I would like CFTC to withdraw its proposal on this matter.
Best Regards,
