Comment Text:
i0-001
COMMENT
CL-02786
From:
Sent:
To:
Subject:
Don Brandon
Friday, January 22, 2010 3:24 PM
secretary
are you trying to push us out
Are you just trying to push the small guy out of being able to trade the currency markets'?? this is' not
acceptable
As many of you are aware, the U.S. Commodity Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seelang 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 l O-to-1 limitation, "which means 10:1
leverage would be the maximum amount allowed for all Forex traders in the U.S.
This will mean that to trade a single standard lot of $100, 000 you will need $10,000 in your
account. Currently it can be as Bttle as $200! How does this "help" us retail traders??
These bureaucrats are supposed to be there to provide a safe environment to trade in
not kick us out of the game.t,
t
