Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Kiko
Organization(s):
Comment No:
1750
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01750
From:
Sent:
To:
Subject:
DeGuzman, Francisco
Thursday, January 21, 2010 11:25 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 trades 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
