Comment Text:
i0-001
COMMENT
CL-00273
From:
Sent:
To:
Subject:
Ari Estrada
Sunday, January 17, 2010 9:05 PM
secretary
Regulation of Retail Forex
RE: R1N3038-AC61
Mr./Ms. Secretary,
I enjoy trading spot fx. Lately the NFA has imposed rules that change the way that I have to trade. I
believe that the "no hedging" rule and the "FIFO" rule have complicated things for me and also for my
peers. It has come to my attention that there is a new proposal to decrease leverage to 10:1. This will
drive all of the business offshore. I respectfully disagree with this proposed rule and I am hoping that
you reconsider. It seems like this country is becoming more overbearing on its citizens and taking away
individual freedoms instead of promoting them and securing them. We are all adults and can make our
own decisions. We can also live with the consequences of our decisions. Please reconsider and leave
things the way that they are.
Sincerely,
Aristides A. Estrada
