Comment for Proposed Rule 75 FR 3281
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From:
Walter J Kane
Organization(s):
Comment No:
1889
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01889
From:
Sent:
To:
Subject:
Karen Kane
Thursday, January 21, 2010 2:30 PM
secretary
"Regulation of Retail Forex"
RE: CFTC announced proposed new regulations concerning retail foreign currency transactions. Many of the
proposed changes would implement important consumer protection regulations, which MB Trading firmly favors.
However, one of the proposed changes would radically lower Forex leverage from 100:1 to 10:1 for all NFA and
CFTC regulated Forex firms.
I am a small, individual FOREX trader. I am OPPOSED to this regulation. Please DO NOT PASS! I would
no longer see any benefit to continue to trade in FOREX market...gains would be to small to justify fees.
Walter J. Kane
Rancho Santa Margarita, CA 92688
