Comment for Proposed Rule 75 FR 3281
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From:
Nat Morton
Organization(s):
Comment No:
1160
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01160
From:
Sent:
To:
Subject:
nat 101962@avenuebroadband. com
Wednesday, January 20, 2010 9:16 PM
secretary
Regulation of Retail Forex
Hello!
Concerning the U.S. Commodity Futures Trading Commission (CFTC) announced on January
13, 2010 (identification number RIN 3038-AC61) that it is seeking public comment on
proposed regulations concerning retail Forex trading.
The "leverage in retail forex customer accounts would be subject to a 10-to-1 limitation" is
unacceptable.
The margin requirement of $10,000 is unacceptable.
The only thing that you will do is drive people to oversea brokers which hurts everyone here in
the U.S.
Sincerely,
Nat Morton
