Comment for Proposed Rule 75 FR 3281
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From:
Matthias Munford
Organization(s):
Comment No:
1412
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01412
From:
Sent:
To:
Subject:
Matthias Munford
Thursday, January 21, 2010 12:25 AM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Hello,
In regards to the CFTC's proposed rules for the retail Forex market on January 13, 2010. Limiting
leverage that American firms are able to offer customers to 10:1, will certainly have a negative effect on
traders abilities and would most likely force a vast majority of Forex business overseas. If this proposed
regulation passes, United States based Forex traders would not be protected by the CFTC or NFA. I
pray that all logical and fair options are taken into consideration during the decision making process
when creating new rules for the citizens of America.
Regards,
Matthias Munford
