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Comment for Proposed Rule 75 FR 3281

  • From: Tom Morris
    Organization(s):

    Comment No: 2028
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02028
    From:
    Sent:
    To:
    Subject:
    Tom
    Thursday, January 21, 2010 5:39 PM
    secretary
    Regulation of Retail Forex
    To whom it may concern,
    I, as a small Forex trader, recognize the importance of regulation
    that strengthens industry oversight. 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 difinitely don't agree with such policies that will clearly
    disadvantage traders such as myself, along with Forex firms in the
    United States.
    Thank you for your consideration in this regard.
    Dr. Tom Morris
    Reno, NV