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Comment for Proposed Rule 75 FR 3281

  • From: Martin Kamar
    Organization(s):

    Comment No: 2859
    Date: 1/22/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02859
    From:
    Sent:
    To:
    Subject:
    M Kamar
    Friday, January 22, 2010 4:40 PM
    secretary
    [] Regulation of Retail Forex [] RIN 3038-AC61
    To Whom it May Concern,
    Please carefully reconsider the proposed reduction in leverage for retail forex trading. This
    change WILL have the same negative value as the silly rule to disallow hedging in retail accounts --
    namely it will result in more U.S. customers moving their trading accounts offshore thus negating the
    value of the CFTC's & NFA's oversight in regard to these same customers.
    Thank you for your attention to this important issue.
    Martin Kamar (Trader)