Comment Text:
Proposal to Regulate Off-Exchange Retail Foreign Exchange Transactions
and Intermediaries
On February 25, 2010, Commissioner Sommers met with Dan Roth of the National Futures Association. The Commission's proposed rulemaking regarding the regulation of retail foreign exchange transactions and intermediaries was discussed, primarily with respect to the proposal to
restrict leverage in customer accounts to a 10-to-l limit. Marcia Blase and Andrew Morton of Commissioner Sommers' staff were also present at the meeting.
