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Comment for Proposed Rule 75 FR 3281

  • From: Nelson Quiroga
    Organization(s):

    Comment No: 3328
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03328
    From:
    Sent:
    To:
    Subject:
    Nelson Quiroga
    Saturday, January 23, 2010 3:43 PM
    secretary
    Regulation of Retail Forex
    I'm very concerned about the new proposal of lowering the leverage to 10:1 in retail forex because it
    will actually kill retail forex in the USA and will make us, the small, but well trained forex traders,
    transfer our accounts outside the USA. It will make us very difficult to operate under such conditions
    and even though I believe in the CFTC's good intention in this proposal it will actually mean the end of
    my "second job" in the USA, and will become "my second job" may be in Europe?
    Thank you,
    Nelson Quiroga