Comment for Proposed Rule 75 FR 3281
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From:
Frank
Organization(s):
Comment No:
2573
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02573
From:
Sent:
To:
Cc:
Subject:
FM
Friday, January 22, 2010 10:08 AM
secretary
[email protected]
Regulation of Retail Forex
The attempt to limit retail forex margin to 10 to 1 in the US will have the opposite effect of the intended outcome.
Instead of retail forex being more regulated, most brokers and traders will open offices and accounts offshore.
Therefore, when this happens, you will have zero regulatory control of retail forex. In addition, this will cost jobs in
the U.S. and provide employment to foreigners. Bad for the U.S. economy and continuing the trend of lost jobs in
U.S. because of these going to foreigner's.
Frank
