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Comment for Proposed Rule 75 FR 3281

  • From: Rajesh Narendran
    Organization(s):

    Comment No: 2868
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02868
    From:
    Sent:
    To:
    Subject:
    Rajesh Narendran
    Friday, January 22, 2010 4:49 PM
    secreta ry < secreta ry@ C FTC. g ov >
    Regulation of Retail Forex
    Hello,
    I was reading some article and came upon one of them which stated that CFTC is considering to
    add more regulation of Retail Forex market by changing the maximum from 100:1 to 10:1. For a
    retail trader like me who gets some extra money while trading forex, this is going to deal a severe
    blow to my trading account.
    In the recent past the regulation had made the leverage from 200:1 to 100:1 and it affected my
    ability to trade. Now with this change it will seriously impact me. I urge you to please re-consider
    this decision.
    Thanking you
    Regards
    Rajesh Veliyath
    Cumming, GA
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