Comment Text:
i0-001
COMMENT
CL-00292
From:
Sent:
To:
Cc:
Subject:
Robert K. Batts
Monday, January 18, 2010 5:14 AM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
To whom it concerns,
I would like to voice my concern over recent changes in the CFTC regulations regarding Forex trading.
First the rules regarding hedging, and then the FIFO rule. I take multiple trades and don't always want to close
the first trade, but the rule has forced me into closing all trades when I would prefer to let some of the more
favorable trades run.
Now you are wanting to restrict leverage to 10:1. What you are forcing me to do is close my accounts
and move my money to a different country where trading is more favorable. If that is what the rules are about
then you are succeeding.
Thanks for your attention and hopefully you will consider my concerns.
Keith Batts
[email protected]
