Comment for Proposed Rule 75 FR 3281
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From:
Rick Borland
Organization(s):
Comment No:
3014
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-03014
From:
Sent:
To:
Subject:
Rick Borland
Friday, January 22, 2010 8:44 PM
secretary
Regulation of Retail Forex
From: [email protected]
In reply to request for comments for RIN 3038-AC61, I want to ask just how exactly will lowering the
leverage to 10:1 reduce fraud in retail forex spot trading?
If anything, this proposal will increase the fraud risk to US traders due to the fact we will be forced to
move our accounts to overseas brokerages.
If this regulation goes into effect retail forex trading will die in the US and this regulation will be
responsible for putting thousands of individuals out on street at a time when this country is screaming
for jobs.
Thank you for reading this and have a nice day.
Rick Borland
