Comment for Proposed Rule 75 FR 3281
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From:
Behnam Behzadi
Organization(s):
Comment No:
2856
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02856
From:
Sent:
To:
Subject:
Behnam Behzadi
Friday, January 22, 2010 4:36 PM
secretary
Regulation of Retail Forex
Behnam Behzadi
1042 Celilo Drive
Sunnyvale, CA 94087
January 22, 2010
Dear Sir or Madam,
Apparently CFTC is considering a proposal which radically lowers Forex leverage from 100:1 to 10:1 for all NFA and CFTC
regulated Forex firms. I am a full-time professional self-employed Forex trader. I am writing to you to raise my sincere
objection to such proposals as they will have devastating effects on my business.
If such limitations were to be imposed on the NFA and CFTC regulated Forex firms in the US, Forex traders like me are
forced to use non-regulated US firms or move their business out of the US. Either way, US Forex brokers are the first to
suffer in this tough economic situation.
I would urge you please not to consider such proposals and let the US based businesses and tax payers like me and my Forex
broker to deal with other challenges of the global markets.
Sincerely,
Behnam Behzadi
