Comment Text:
i0-001
COMMENT
CL-03618
From:
Sent:
To:
Subject:
Richard Goedeken
Sunday, January 24, 2010 8:21 PM
secretary
'Regulation of Retail Forex
Reference: RIN 3038-AC61
The recent increase in margin requirements from 200:1 to 100:1 for FOREX accounts is sufficient.
Further increasing margin requirements will make FOREX trading through CFTC regulated accounts
unprofitable. By adopting ANY increase in leverage requirements the CFTC will regulate itself out of
responsibility for FOREX trading. Trading will move to overseas accounts.
