Comment for Proposed Rule 75 FR 3281
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From:
Daniel White
Organization(s):
Comment No:
2042
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02042
From:
Sent:
To:
Subject:
danny white
Thursday, January 21, 2010 5:50 PM
secretary
"Regulation of Retail Forex"
To Whom It May Concern,
I'm advising thata I strongly diagree with the proposal to change the forex margins from 100:1 to 10:1.
I'm in contact with a lot of traders via forums and most of them are moving their accounts to the UK to
avoid the proposed margin rule affecting their trading.
Surely this part of the proposal is not good for US brokers.
I myself will wait and see it the margin side of the proposal is approved and if it is will also be moving
my accounts to another country.
Regards,
Daniel White
