Comment for Proposed Rule 75 FR 3281
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From:
Praveen Muthu
Organization(s):
Comment No:
3005
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-03005
From:
Sent:
To:
Subject:
Praveen Muthu
Friday, January 22, 2010
8:19 PM
secretary
Proposed Retail Forex Regulations
RIN 3038-AC61
Reforming the retail forex market will stir nothing but controversy. I
understand that the GFC was caused by OTC instruments, but punishing
retail forex brokers will not create any solutions. Why not let the
traders decide what leverage to use? It's quite unfair inserting a cap
to a maximum of 10:1 regulation, causing many current
customers/traders to leave the market.
Please reconsider these new regulations.
