Comment for Proposed Rule 75 FR 3281
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From:
Ryan Kerr
Organization(s):
Comment No:
1165
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01165
From:
Sent:
To:
Subject:
Ryan Kerr
Wednesday, January 20, 2010 9:22 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Hi there,
I would like to voice my opinion to you about the subject of you changing the leverage for Retail accounts
with
U.S brokerages from 100:1 to 10:1.
If you go ahead with this not only will you lose your country money with customers going offshore, you
will also
damage the reputation of the forex trading industry as a whole which is regarded as the fastest growing
industry at the
moment. I am sure you will get many emails like this but it will not effect me as I do not live in the United
States.
So:
1.You will look ridiculous when U.S clients leave in droves.
2.Your country as a whole will lose heavily from the much needed income that currency trading can
provide for a countrys economy.
3.Offshore brokers and their countrys will profit even more.
Take this as a warning,
Regards
R.Kerr
