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Comment for Proposed Rule 75 FR 3281

  • From: Gary Grewal
    Organization(s):

    Comment No: 1655
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01655
    From:
    Sent:
    To:
    Subject:
    Gary Grewal
    Thursday, January 21, 2010 9:16 AM
    secretary
    Regulation of Retail Forex
    Dear Secretary,
    This email is regarding RIN 3038-AC61
    I strongly oopose the new regulation being considered for forex trading
    "leverage in retail forex customer accounts would be subject to a 10-to- 1 limitation".
    We should be given the freedom and right to choose the amount of leverage that we desire, which
    currently is 100:1 leverage (one percent). You are jeopardizing the basic principle of'choice' by
    changing the leverage to 10:1. I oppose the new regulation being considered.
    Thanks.
    Gary Grewal