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Comment for Proposed Rule 75 FR 3281

  • From: Lyle Andvik
    Organization(s):

    Comment No: 3757
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03757
    From:
    Sent:
    To:
    Subject:
    Lyle Andvik
    Monday,
    January 25, 2010 11:08
    AM
    secretary
    'Regulation of Retail Forex'
    Dear Sir:
    I am very concerned about the proposed change in margin requirements on the Forex exchange, reference identification
    number RIN 3038-AC61. By increasing the margin you will be driving out many small investors such as myself and thereby
    decreasing the liquidity of the market. I believe this action would have make it easier for large institutions to manipulate the
    market because they will be the only one in it.
    In conclusion I recommend no change in margin requirements on the Forex exchange.
    Lyle Andvik
    5360 159 Ave SE
    Kindred, ND 58051