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Comment for Proposed Rule 75 FR 3281

  • From: Bill Moore
    Organization(s):

    Comment No: 3369
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03369
    From:
    Sent:
    To:
    Subject:
    Bill's Hotmail
    Saturday, January 23, 2010 6:38 PM
    secretary
    Regulation of Retail Forex
    Dear Secretary -
    Please add my concern to the new rules being considered that will limit the leverage to 10:1 on US-based Forex
    trading
    accounts.
    At this low rate of leverage I will be forced to move my
    account to a
    foreign-based resource that
    still practices 100:1 leveraging.
    It seems that regulations could be in order and in my view should be aimed at the offending Forex brokerage
    houses themselves, not the individual investor.
    Thank you for your consideration.
    Bill Moore
    951-757-5740 Mobile
    951-880-2923 eFax
    [email protected] m