Comment for Proposed Rule 75 FR 3281
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From:
Brent Morrow
Organization(s):
Comment No:
2046
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02046
From:
Sent:
To:
Subject:
Brent Morrow
Thursday, January 21, 2010 5:53 PM
secretary
Regulation of Retail Forex
To whom it may concern,
I do not agree with the proposal regarding R1N 3038-AC61. This proposal does not appear to be in the
best interest of the trading community.
The results will further drive US based traders to foriegn companies or any onboarding source that do
not adhere to your regulation requirements.
The proposal by CFTC will remove the trading opportunity for many Americans. With the other
restrictions of margin calls at 50% equity, a trader must deposit more than $2000 just to trade 1 lot. The
profit potential also reduces interest in the currency markets.
What is the intent of such a proposal?
Regards,
Brent
