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Comment for Proposed Rule 75 FR 3281

  • From: Ronald W Smith
    Organization(s):

    Comment No: 483
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00483
    From:
    Sent:
    To:
    Subject:
    [email protected]
    Tuesday, January 19, 2010 11:05 AM
    secretary

    regulation of retail Forex
    Mr. Secretary:
    Regulation of Retail Forex, RIN 3038-AC61, should not reduce the margin requirement from 100:1 to 10:1 because the
    current margin requirement is THE attraction for trading the Forex. Reducing the margin will reduce the market. Merkets
    are what is needed to keep the economy vibrant and strong.
    Sincerely,
    Ronald
    W.
    Smith
    8763 Applewood Court
    Mentor, OH 44060