Comment for Proposed Rule 75 FR 3281
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From:
Arul Sadayan
Organization(s):
Comment No:
1464
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01464
From:
Sent:
To:
Cc:
Subject:
arul sadayan
Thursday, January 21, 2010 1:31 AM
secretary
[email protected]; [email protected]
'Regulation of Retail Forex'
RIN 3038-AC61
Dear
David Stawick, Secretary Commodity,
Maximum Leverage under Current Regulations
USD/CHF
100:1 leverage (one percent)
1 lot (100,000)
Margin requirement: $1,000
Maximum Leverage under Proposed CFTC Changes
USD/CHF
10:1 leverage (10 percent)
1 lot (100,000)
Margin requirement: $10,000
By implementing above mentioned 'new' leverage the CFTC is actually encouraging/allowing only the
rich to become richer and the poor & middle class to become
poorer or stay where they are.Not everyone have that much of capital to start forex trading.
More and more people are becoming j obless and homeless...at the same time CFTC is trying to stop the
alternative source of income.
Please allow everyone to tap legally into the USD 3 trillion and enjoy abundance of wealth.
Regards,
Malaysia.
