Comment Text:
i0-001
COMMENT
CL-07504
From:
Sent:
To:
Co:
Subject:
Attach:
Walberkley Santos
Sunday, March 14, 2010 5:21 PM
secretary
[email protected]
Regulation of Retail Forex
Voice Your Opinion on the CFTC's Proposed Leverage Change.msg
RIN 3038-AC61
The reduction of the leverage to 10:1 is aggressive with the small investors and only bring benefits to few
and powerful investors.
I not agree with this reduction.
Walberkley SantosFrom:
Sent:
To:
Subject:
FXDD.com
Friday, March 12, 2010 6:16 PM
[email protected]
Voice Your Opinion on the CFTC's Proposed Leverage Change
If you cannot read this message, please click hffr#
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Dear valued FXDD clients,
We wanted you to be aware that The U.S. Commodity Futures Trading Commission (CFTC) is
seeking public comment on proposed regulations concerning retail Forex trading.
PLEASE NOTE: FXDD Malta customers will not be affected by these proposed changes, but
are still encouraged to voice your opinions.
According to the CFTC, "leverage in retail Forex
customer accounts would be subject to
a 104o-1 limitation,"
which means 10:1 leverage would be the maximum amount
allowed for Forex traders in the
U.S.
VOICE YOUR OPINION NOW
Should you feel strongly about the proposal, there is still
time for you to help determine the
outcome.
The deadline for public comment is March 22, 2010. Make your opinion heard by
sending comments directly to the CFTC at: [email protected].~.c.:.g..o..v. (please CC:
cftcfeedback~)
Please include
'Regulation of
Retail Forex' in the subject line of your message and the
following identification number in the body of the message: RIN 3038-AC61.
You can also submit your comments by any of the following methods (include above ID number)
Fax:
Mail:
Courier:
(202)418-5521
David Stawick, Secretary
Commodity Futures Trading Commission
1155 21st Street, N.W., Washington, DC 20581
Use the same address as mail above.
**All of your comments, no matter how short, will have an impact on the outcome of the
proposed rule change so do not hesitate to send a brief email objecting to the
reduction in leverage,**
An example of how the proposed regulatory restrictions would affect a major currency pair
appears below:
i Maximum Leverag e Maximum Leverag ei 100i 1 ieverage (0ne percent)~0: ~ leverage (10 percent)
i Margin reqUirementi $1,000
Margin requirement: $10;000
Learn more about the CFTC's proposed leverage changes and how they may affect your
trading by clicking
..b..e..r.~.
In the meantime, we encourage you to voice your opinions to the
CFTC and your local U.S. representative.
Best Regards,
FXDD Team
DISCLAIMER: Trading in the Foreign Exchange market involves a significant and substantial risk of loss and may not be
suitable for everyone. You should carefully consider whether trading is suitable for you in light of your age, income, personal
circumstances, trading knowledge, and financial resources. Only true discretionary income should be used for trading in the
Foreign Exchange market. Any opinion, market analysis or other information of any kind contained in this email is subject to
change at any time. Nothing in this email should be construed as a solicitation to trade in the Foreign Exchange market. If
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