Comment Text:
i0-001
COMMENT
CL-02867
From:
Sent:
To:
Subject:
jeff
Friday, January 22, 2010 4:49 PM
secretary
"Regulation of Retail Forex"
Hi dear David Stawick/CFTC,
Identification number
RIN 3038-AC61
The key problem in the retail off-exchange forex market is not the leverage but the business model, they should be pu
market server(price transiter and charge transaction fee only) not market maker(market trader/price maker/price marl
etc. to make profit without transparency). If you dont understand this and learn this lesson from the current financial c
remove those bad business models(who deal with retailers) out of markets, financial crises will happen again in the fub
the same reason.
It is so sad that NFA/CFTC knows what right business models are but you dont regulate them to be as they should be:
http://www, nfa.futures, orq/news/newsNotice.asp?ArticleID = 2104
I would like to work with you about relevant issues, plz feel free to contact me if you like.
Best regards,
jeff
--- On Fri, 1122110, FX Solutions
wrote:
From: FX Solutions
Subject: How the Proposed CFTC Regulations Will Impact You
To: [email protected]
Date: Friday, January 22, 2010, 2:24 PM
HOME
ACCOUNTS
Dear FX Solutions Customer,
This message contains graphics. If you do not see the graphics,
TEADTNG
LEARNTNG & TOOLS
THE COMPANY
[NSTTTUTTONAL SERVTCES
SUPPORT
Recently, the U.S. Commodity Futures Trading Commission (CFTC) announced that it is seeking public comment on proposed
regulations concerning Forex trading. In part, the proposed regulations states:
to collect security deposits in a minimum amount in order to prudentially limit the leverage available to their retail
customers on such transactions at 10 to 1
This means that leverage limits will be reduced from current limits of 100:1 to 10:1 for all Forex trading in the U.S. Below is an
example of how the proposed leverage reduction would affect your Forex trading account.
FX Solutions is a proud registrant of the CFTC and member of the NFA and we will continue to cooperate with the CFTC and NFA
their efforts to eliminate fraud and deception within the Forex Market. However, we believe that you should be given the freedorr
choose the appropriate amount of leverage for your individual trading style and risk tolerance.
If you feel strongly about the proposal, we urge you to submit your comments directly to the CFTC. In order to ensure thatyou~
voice is heard, please send your comments to the CFTC by
March 22, 2010
and be sure to include
Regulation of
Retail
Forex
in the subject line and identification number RIN 3038-AC61 in the body of your message.i0-001
COMMENT
CL-02867
You can contact the CFTC through any of the following methods:
Email:
Fax:
Hail:
We b:
(202) 418-5521
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
E~d~E~! @,~!~lFX Solutions is currently reviewing these proposed rules and along with the U.S. Forex Dealer Coalition will publish our opinion ir
the coming days. For more details on the proposed regulation visit the
FX Solutions is a global Forex company which is committed to providing our clients with the utmost in transparency and client
service. Our clients have the option to open accounts in either the UK or Australia which offer flexible leverage and are not
impacted by CFTC rules. For information about FX Solutions regulated outside the United States, please visit ~EE~l.ir].g..~j~]...l::l.i.g.I]~.
L~y~c~g~ or contact ~o~E ~Yi~.
Sincerely,
FX Solutions
2010 - FX Solutions, LLC
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The products offered by FX Solutions are leveraged products which carry a high level of risk to your capital with the possibility of losing more than your initial investment and r
not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. Depositing more funds and opening more positions
increases your risk.
To the best of our ability, FX Solutions believes the information contained herein is accurate and true. We reserve the right to make corrections and/or update the material wh
deemed necessary. Therefore, FX Solutions assumes no responsibility for errors, inaccuracies or omissions in these materials.
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