Comment for Proposed Rule 75 FR 3281
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From:
Norman Hill
Organization(s):
Comment No:
1468
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01468
From:
Sent:
To:
Subject:
Norm Hill
Thursday, January 21, 2010 1:36 AM
secretary
Regulation of Retail Forex
Dear Sir
re
RIN 3038-AC61
I have an account with Interbank FX
Your proposed regulation to the leverage in retail forex customer accounts for a 10-to-1 limitation smacks of
a bureaucratic dictate one would expect from either an east european country or an asian one !
We have the right and freedom to choose our own amount of leverage that is appropriate for our risk
management.
Furthermore, this would drive a lot of traders to overseas brokers whose countries have more sensible regulators.
Please reject this proposal and maintain our basic right of choice.
Thankyou
Norman Hill
