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Comment for Proposed Rule 75 FR 3281

  • From: Robert J Patterson
    Organization(s):

    Comment No: 2964
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02964
    From:
    Sent:
    To:
    Subject:
    Robert Patterson
    Friday, January 22, 2010 7:04 PM
    secretary
    Regulation of Retail Forex
    Greetings:
    As an individual trader of forex, I strongly object to the proposal to reduce margin requirements for trading from
    100:1 down to 10:1. I can understand if the 10:1 margin requirement is imposed upon banks and other financial
    institutions, but not on private individual traders. Otherwise I can see much private capital leaving the USA and
    being traded via foreign based brokers.
    Identification number RIN 3038-AC61
    Yours truly,
    Robert J Patterson
    [email protected]