Comment Text:
i0-001
COMMENT
CL-06297
From:
Sent:
To:
Subject:
Carse
Friday, March 5, 2010 6:10 PM
secretary
'Regulation of Retail Forex'
According to RIN 3038-AC61: I am a lawyer by education, among other vocations I also love to trade currencies. If
your proposed rule is implemented most of American accounts will assuredly move out of the U.S. to off shore
accounts. Your limitations to 10:1 leverage and a 10% margin requirement would also stime entry level forex trading
at a time when unemployment is at 9.7 percent.
Your proposed rule could also be challenged as an unconstitutional prohibition against freedom to contract.
