Comment for Proposed Rule 75 FR 3281
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From:
Kiko DeGuzman
Organization(s):
Comment No:
1749
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01749
From:
Sent:
To:
Subject:
Kiko de Guzman
Thursday, January 21, 2010 11:24 AM
secretary
Regulation of Retail Forex, R1N 3038-AC61
Re:
RIN 3038-AC61
Dear Secretary,
Please retain the current maximum leverage of 100:1 and the margin requirement of
$1,000.
All of the forex traders in the US will be detrimentally affected by the proposed change
to leverage of 10:1 and minimum margin requirement of $10,000.
If the 10:1 leverage happens, we will see an exodus of US dollars going to overseas
forex brokers.
Sincerely yours,
Kiko
