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Comment for Proposed Rule 75 FR 3281

  • From: Darren Ang
    Organization(s):

    Comment No: 2363
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02363
    From:
    Sent:
    To:
    Subject:
    Darren Ang
    Thursday, January 21, 2010 11:35 PM
    secretary
    'Regulation of Retail Forex'
    RIN 3038-AC61
    Hi,
    I can see the move to tighten the leverage is going to kill a lot of FX traders. Personally I do not see
    the benefits to traders whatever clamdown it has on the regulations.
    If the move is to reduce the levearge to 10:1, I am strongly against it.
    If the regulation is to kill us, we will withdraw our funds and move our funds to stocks and
    elsewhere in the market.
    Thank you.
    Best Regards