Comment Text:
i0-001
COMMENT
CL-05761
From:
Sent:
To:
Cc:
Subject:
Sarwar Khan
Wednesday, March 3, 2010 7:55 PM
secretary
'Sarwar Khan'
Regulation of Retail Forex
Dear Sir/Madam,
I am an Australia Citizen and reside in Australia. I have a foreign currency trading account with FOREX.com which
is a division of GAIN Capital Group, a registered Futures Commission Merchant (FCM) and member of the
National Futures Association (NFA ID #0339826), and regulated by the CFTC. FOREX.com, 44 Wall Street, New
York, NY 10005.
I understand the U.S. Commodity Futures Trading Commission (CFTC) recently proposed broad regulatory
changes that include reducing the current leverage available to forex traders from 100:1 to 10:1.
I oppose the proposed change and request to keep the system as it is operating currently 100:1 as it provides
enormous opportunity to small business like us to carry out their foreign currency trading with their limited
funds.
Kind regards
Sarwar Khan
Managing Director
iesupport Pry Ltd
and
TECOM GROUP Pry Ltd
Office:+61 (0) 2 8920 9561
Fax: +61 (0) 2 8920 9562
Mob: +61 (0) 4-12 036 24-9
Level 7. Suite 704-
53 Walker Street
North Sydney NSW 2060
Australia
http://www.iecom.com.au
http://www.iesupport.com.au
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