Comment Text:
i0-001
COMMENT
CL-05539
From:
Sent:
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Subject:
[email protected]
Tuesday, February 23, 2010 1:37 AM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Tuesday, February 23, 2010 at 01:37:28
commenter_subject:
CFTC Proposal New rule about levarage
commenter_frdate: 13/feb/2010
commenter_frpage: do not know
commenter_comments:
I do not like this proposal which
is against the small investors like me.
AIpari (US) Speaks out about the CFTC Proposal
New CFTC Proposed Rule
On January 13, 2010, The Commodity Futures Trading
Commission (CFTC) released a public proposal,
Regulation of Off-Exchange Retail Foreign Exchange
Transactions and Intermediaries, which imposes new
requirements on the U.S. Forex industry. The
proposal significantly changes the leverage
permitted on certain accounts and, if passed, would
have a drastic effect on retail investors. In the
CFTC proposed regulation, leverage in retail forex
customer accounts would be subject to a 10-to-1
limitation.
Currently, the CFTC enforces 100:1 leverage (a 1%
margin requirement) to open and maintain a position
on a forex transaction. With the 10:1 leverage
proposed,
commenter_name: Suresh
commenter_phone: 919951099440
