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Comment for Proposed Rule 75 FR 3281

  • From: Isaac O Ekhator
    Organization(s):

    Comment No: 3877
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03877
    From:
    Sent:
    To:
    Subject:
    Isaac ekhator
    Monday, January 25, 2010 6:35 PM
    secretary
    Regulation of Retail Forex
    The proposed restriction of le,~'erage across the board to 10 to 1, in my own opinion will be detrimental to the retail forex
    investors.
    The doors that are currently opened to retail investors will effectively be closed through this proposed rules, once
    again making the FX market accessible only to financial institutions.
    I think this is not a good proposition for the forex industry.
    i would want the Commodity Futures Trading Commission (CFTC) to reconsider their stand on this issue.
    thank you.
    Isaac Osahon Ekhator