Comment for Proposed Rule 75 FR 3281
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From:
John Heintzman
Organization(s):
Comment No:
2710
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02710
From:
Sent:
To:
Subject:
j [email protected]
Friday, January 22, 2010 1:12 PM
secretary
Regulation in Forex
Hi,
Please consider the average American when deciding about the margin requirements for
Forex. I hope that you will leave the margin at 100:1, or pretty soon, the only ones trading will
be hedge funds and banks. This is the last bastion for the small traders to be involved in. I
applaud the move from 400:1 to 100:1 margin limitation, but I firmly believe that a move from
100:1 up to 10:1 is unneccessary, and will ultimately hurt the Forex market. Currrency traders
that I have talked to believe the same as I do. The CFTC is a very respected ruling body, and I
hope you make the correct decision, by keeping the margin requirements at the current levels.
Thank you.
Sincerely,
John Heintzman
[email protected]
