Comment for Proposed Rule 75 FR 3281
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From:
Robert J Patterson
Organization(s):
Comment No:
2964
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02964
From:
Sent:
To:
Subject:
Robert Patterson
Friday, January 22, 2010 7:04 PM
secretary
Regulation of Retail Forex
Greetings:
As an individual trader of forex, I strongly object to the proposal to reduce margin requirements for trading from
100:1 down to 10:1. I can understand if the 10:1 margin requirement is imposed upon banks and other financial
institutions, but not on private individual traders. Otherwise I can see much private capital leaving the USA and
being traded via foreign based brokers.
Identification number RIN 3038-AC61
Yours truly,
Robert J Patterson
[email protected]
