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Comment for Proposed Rule 75 FR 3281

  • From: Cagri Guler
    Organization(s):

    Comment No: 3035
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03035
    From:
    Sent:
    To:
    Subject:
    (~a~rl GI~LER
    Friday, January 22, 2010 9:40 PM
    secretary
    Regulation of Retail Forex
    Dear Sirs,
    I have learnt CFTC's proposal about lowering the leverage for reatil forex accounts from 1:100 to
    1:10. I believe, this will not be in favor of small investors, who try to acquire some earnings with
    limited investment. It will also lead to a rush to other countries for opening such accounts and
    lower the transaction volume significantly. Therefore, the broker companies will also be
    negatively influenced from such a regulation and their contribution to US economy will drop
    considerably.
    I would like CFTC to withdraw its proposal on this matter.
    Best Regards,
    (~a~rl G~LER