Comment for Proposed Rule 75 FR 3281
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From:
Jay D Bernhard
Organization(s):
Comment No:
2673
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02673
From:
Sent:
To:
Subject:
Jay Bernhard
Friday, January 22, 2010 11:55 AM
secretary
Regulation of Retail Forex
I understand many of the proposed changes would implement important consumer protection
regulations, which I firmly favors. 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 recognize the importance of
regulation that strengthens industry oversight. I agree with policing and regulating the industry, as was
Congress' intent when empowering the CFTC to create additional rules. However, I don't agree with
policies that might clearly disadvantage firms in the United States which in turn disadvantage myself as
a client.
Thank you,
Jay D.Bernhard
