Comment Text:
i0-001
COMMENT
CL-03546
From:
Sent:
To:
Subject:
lee call
Sunday, January 24, 2010 2:57 PM
secretary
Forex trading limits
Would someone please explain to me how this would be beneficial to traders in the USA.
(CFTC) announced on January 13, 2010 that it is seeldngpubfic comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated." "leverage in retail forex
customer accounts would be subject to a l O-to-1 fimitation, "which means 10:1
leverage wouM be the maximum amount allowed for all Forex traders in the U.S"
Because of the no hedging rule in forex I have moved all my forex accounts, except for one, to brokers
outside of the USA. The above leverage fimitation would put the last nail in the coffin for most USA
based forex brokers.
Regards,
34-B Cherokee Lane
Dahlonega, Ga. 30533
706-867-1849
Lee Call
