Comment Text:
i0-001
COMMENT
CL-05598
From:
Sent:
To:
Subject:
Butler, Scott (AWD Sales)
Friday, February 26, 2010 10:37 AM
secretary
Regulation of Retail Forex ......RIN 3038-AC61
Mr Stawick:
I amcompletely a.qainstyour proposal"to
collect security deposits
in a
minimum amount in order to prudentially
limit
the leverage available to their retail customers on such transactions at 10 to 1":
....
idenLificaLion
numberRTN
3038-AC61.
Although I am not a big FOREX trader....I like to participate in the trade process....and your proposal would"disallow" my participation
by requiring so much capital to be held in the margin...and put at risk on each trade.
Likemany of the current small businesses in America today .....the"small traders" will be left out in the cold .....which would be the end
result of your proposal!!!
Scott Butler
