Comment Text:
i0-001
COMMENT
CL-06277
From:
Sent:
To:
Subject:
Ron Mac Kinnon
Friday, March 5, 2010 4:16 PM
secretary
RE: RIN 3038-AC61
Dear Sir / Madam
RE: Regulation of Retail Forex
ID#: RIN 3038-A¢61.
I am COMPLETELY OPPOSED TO
THIS CHANGE
IT IS TOTALLY NOT NECESSAY OR REQUIRED
MANY of my fellow traders feel the same
!
All this new regulation will do is completely drive major Forex trading business and many billions of dollars
out of the USA into European Investment Houses
ThankYou,
RB Foxe
Maximum Leverage under
Current
Regulations
USD/JPY
1 lot (100,000)
100:1 leverage (one percent)
Margin requirement: $1,000
Maximum Leverage under
Proposed
Changes
USD/JPY
1 lot (100,000)
10:1 leverage (10 percent)
Margin requirement: $10,000
