Comment Text:
i0-001
COMMENT
CL-04619
From:
Sent:
To:
Subject:
David Farmer
Saturday, January 30, 2010 9:17 PM
secretary
Regulation of Retail Forex
To Whom it may concern with reagrd to RIN 3038-AC61:
1.)
I do NOT agree with the proposed new rule change which would set maximum
leverage to 10:1 for retail forex traders in the
US...PLEASE
DO NOT RATIFY THIS
NEW
RULE CHANGE
2.) I a~.qree with requiring all RFEDs and FCMs in the US to register as well as Persons
who solicit orders, exercise discretionary trading authority and operate pools with
respect to retail forex.
3.) I
also a~.qree with the minimum net capital requirement of at least $20 million, plus
5% of any amount of retail customer liabilities that exceed $10 million for Brokers.
Sincerely,
David S. Farmer
