Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Larry Geis
Organization(s):
Comment No:
2765
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02765
From:
Sent:
To:
Subject:
Larry Geis < larrygeis@ hotmail.com >
Friday, January 22, 2010 2:52 PM
secreta ry < secreta ry@ CFTC. g ov >
Regulation of Retail Forex - No limitation on margins at 10 to 1
RIN 3038-AC61
In part, the proposed regulations states:
"to collect security deposits in a minimum amount in order to prudentially limit the leverage
available to their retail customers on such transactions at 10 to 1"
Limiting the Trading Margin to 10 times will mostly eliminate the normal retail trader. Let the
traders and the brokers = FREE MARKET decide what their margin will be, not Big Government.
Leave the margins as they are.
Larry Geis
6122 Shattuck Drive
Garland, TX 75044
