Comment for Proposed Rule 75 FR 3281
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From:
Daniel Brandao
Organization(s):
Comment No:
1126
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01126
From:
Sent:
To:
Subject:
Daniel A4
Wednesday, January 20, 2010 8:56 PM
secretary
Retail Forex Regulation
RIN 3038-AC61
If you reduce the Retail Forex leverage to 10:1 all you will achieve is that ALL retail traders in the US will open
their accounts in other countries.
In the last regulation you already reduced the leverage to 100:1 which is fine. Also the Capital requirements for
the Brokers was a good idea to protect the clients.
An improvement would be to have the money in segregated accounts like in the UK.
If you approve the 10:1 leverage you will shut down thousands of jobs in the US.
Daniel Brandao
