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Comment for Proposed Rule 75 FR 3281

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  • From: Mike Kadlec
    Organization(s):

    Comment No: 3172
    Date: 1/23/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03172
    From:
    Sent:
    To:
    Subject:
    Mike Kadlec
    Saturday, January 23, 2010 8:45 AM
    secretary
    "Regulation of Retail Forex"
    The proposed regulation change of retail forex
    trading to require 10:1 margin is absolutely going to
    end 90% of retail trading in America. It's worse
    than the FIFO requirement which forces a trader to
    have two accounts for trading different styles and
    thus more equity is required. Now changing margin
    10:1
    will eliminate most if not all small traders. I
    DON'T LIKE IT!
    Mike Kadlec