Comment for Proposed Rule 75 FR 3281
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From:
Thomas G Highfield
Organization(s):
Comment No:
2824
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02824
From:
Sent:
To:
Subject:
Thomas Grant
Friday, January 22, 2010 3:55 PM
secretary
regulation of retail forex
Dear Sir/Madam, I'm writing to express my very strong opposition to your changing the
leverage/margin requirements from 100:1 to 10:1 for retail investors. It will be devastating to
almost all forex investors
and many(including myself) will be forced to close all of our
brokerage accounts.
While,I agree the CFTC needs to continue monitoring the regulations,I don't
believe this part of your proposed changes will serve the best interest on individual
investors.
I urge you to maintain the current leverage/margin limits as they are today,and
not make any changes to those limits. To do so will certainly force me and other
individual investors out of the forex market and to close our brokerage accounts.
Please take this into serious consideration before making any such changes that
effects leverage/margin requirements.
Thank you,
Respectfully submitted
Thomas G. Highfield
