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Comment for Proposed Rule 75 FR 3281

  • From: Moamic Brodus
    Organization(s):

    Comment No: 3301
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03301
    From:
    Sent:
    To:
    Subject:
    Moamic Brodus
    Saturday,
    January 23, 2010 2:32 PM
    secretary

    New
    FX regulation
    Hello,
    I come across a new regulation you plan to implement, that is :
    lower Forex leverage from 100:1 to 10:1.
    If that had to happen I would simply fold my Forex account, may be re-open with an unregulated brokerage firm but surely
    move my money somewhere else. In any case "CFTC" would represent a label to escape from in the first place.
    Is that what you are after ? You saw the branch you are sitting on, ask the brokerage firms their feelings about it.
    Hope you think twice
    All the best
    M.Braud