Comment Text:
i0-001
COMMENT
CL-03095
From:
Sent:
To:
Subject:
jaibeersingh panwar
Saturday, January 23, 2010 12:48 AM
secretary
Proposed CFTC Regulations Not a good move
To control the regulatory market, more attention should be given to derivative sectors, with F & O and those equity
market where securitization planners are committed to put all retail investors down. Forex is the only source where
only the best survive, many come and lose but only the best stays!
Reducing the leverage from 100:1 to 10:1 doesnt seem to be finest of idea!
Regards,
Jaibeer
Mike Ditka
- "If God had wanted man to play soccer, he wouldn't have given us arms."
Forwarded message
From:
FX Solutions
Date: Fri, Jan 22, 2010 at 2:25 PM
Subject: How the Proposed CFTC Regulations Will Impact You
To: panwar,[email protected]
HOME ACCOUNTS
Dear FX Solutions Customer,
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TRADING
LEARNING & TOOLS
THE COMPANY INSTITUTIONAL SERVICES
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 in
their efforts to eliminate fraud and deception within the Forex Market. However, we believe that you should be given the freedom t
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 theCFTC. In order to ensure that your
voice is heard, please send your comments to the CFTC by I~larch
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.
You can contact the CFTC through any of the following methods:
Email:
[email protected]
Fax:
(202) 418-5521i0-001
COMMENT
CL-03095
Mail:
Web:
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
Federal eRulemakinq Portal
FX Solutions is currently reviewing these proposed rules and along with the U.S. Forex Dealer Coalition will publish our opinion in
the coming days. For more details on the proposed regulation visit the
CFTC.
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
Trading with Higher
Leveraqe or contact Customer Service.
Sincerely,
FX Solutions
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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 ma)
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 when
deemed necessary. Therefore, FX Solutions assumes no responsibility for errors, inaccuracies or omissions in these materials.
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