Comment for Proposed Rule 75 FR 3281
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From:
Mohd Faizal
Organization(s):
Comment No:
1185
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01185
From:
Sent:
To:
Subject:
Faizal
Wednesday, January 20, 2010 9:32 PM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Dear Sir,
I totally 100% not agree with the new proposed leverage limitation. I think it is enough to implement from 200:1 to 100:1
recently on all mini account as well as standard account. I'm sure big impact will happen to the industry if CFTC implement
10:1 leverage such as:
Less people will trade retail forex in future
The number of transaction in FOREX will be reduce dramatically.
This is for sure & confirm that many traders & investor will quit & move to different region such as Autralia, New
Zealand or most famous region was UK next after USA. I can guaranteed on large movement on brokerage.
At this momment why peoples or traders choose US is that because of confident level investor on US regulation & monitoring
agencies such as CTFC & NFA.
ThankYou.
Regards,
Mohd Faizal
Malaysia
