Comment Text:
i0-001
COMMENT
CL-02753
From:
Sent:
To:
Subject:
Jourdan Rothschild
Friday, January 22, 2010 2:37 PM
secretary
Upcoming Proposed Regulation concerning Retail Forex Trading
I am not for this, you are now going to make the average trade put more into his account
to trade.
I personally do not have $10K to realistically trade when previously had to put only
$1000.00. Your
excerpt below in my opinion is downright ridiculous. Seems like this would limit or remove
the average
working person from participating in one of the real American dreams of being a Forex
trader. I am not
happy with the chance that I will have to cancel my account with an American based
broker and go
outside the US to trade, if this passes it will leave me no choice but to move my trading
account overseas.
Does not seem to be American like but the government is continually placing restrictions
and regulations
on the past time opportunities that are really making it hard for the American trader to
profit in this large
vast of monies available to him or her, and when you finally get it down to a working
science then
another restriction is implemented.
I request that this not be passed and removed from the table altogether
As many of you are aware, the U.S. Commodity Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seeking public comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated: "leverage in retail Forex
customer accounts would be subject to a 10-to-1 limitation," which means 10:1
leverage would be the maximum amount allowed for all Forex traders in the U.S.
Jourdan Rothschild
[email protected]
217-899-1410
