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Comment for Proposed Rule 75 FR 3281

  • From: Wayne Adams
    Organization(s):

    Comment No: 4464
    Date: 1/29/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04464
    From:
    Sent:
    To:
    Subject:
    Wayne Adams
    Friday, January 29, 2010 5:47 PM
    secretary
    Regulation of Retail Forex'
    RIN 3038-AC61
    Dear Sirs,
    This proposal will destroy the retail Forex market in the United States. Many new traders only
    want to use a small amount of capital to start off. This proposed 10:1 requirement will increase
    the cost of trying out Forex by 10 fold. This will, undoubtedly, push retail traders out of the
    country to jurisdictions without this requirement.
    With Regards,
    Wayne Adams