Comment for Proposed Rule 75 FR 3281
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From:
Roger-Rene Mueller
Organization(s):
Comment No:
3202
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03202
From:
Sent:
To:
Subject:
M [] ller Roger-Ren []
Saturday, January 23, 2010 10:24 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Secretary of CFTC !
The desired proposal will not have the desired effect to PROTECT
TRADERS. It will destroy a lot of existences and also a lot of Broker.
I think, that all introduced changes (also forbidding to go SHORT and
LONG once) does not protect Traders Capital. If the NFA will reduce the
leverage from 100 to 10, I believe, that capital will invested in
European Brokerage Companies or in Cyprus, Malta etc. I believe that all
US Brokers will go in Chapter 11.
We already received a lot of new customers from the US after introducing
the new rules of NFA.
I hope for all US traders, that this rules will not go in effect.
Best regards,
Roger-Ren [] M[]ller
Dr. math.
Forex Trainer in Europe
