Comment for Proposed Rule 75 FR 3281
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From:
Jn Macias
Organization(s):
Comment No:
1364
Date:
1/20/2010
Comment Text:
10-001
COMMENT
CL-01364
From:
Sent:
To:
Subject:
Jn. Macias
Wednesday, January 20, 2010 11:28 PM
secreta ry < secreta ry@ C FTC. g ov >
No Leverage 1:10
Dear Secretary,
I received an email from my forex broker about the CFTC plan to lower the leverage in forex
accounts to
1:10.
I've been trading FX for +5 years and trading 1:10 is absolutely inadequate and will require hefty
amounts of margin cash to keep trading, and take advantages that the FX Markets has to offer to
small investors like me, Investors that trade with small capital to complement daily income
requirements in this difficult times.
Please note that I'll close my US account as soon as CFTC enforces this rule, and will transfer my
account to UK or Swiss brokers.
Thanks and I appreciate your help on this issue.
Ref.- RIN 3038-AC61
