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Comment for Proposed Rule 75 FR 3281

  • From: Nicola Farinaccio
    Organization(s):

    Comment No: 3638
    Date: 1/24/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03638
    From:
    Sent:
    To:
    Subject:
    marketprofits
    Sunday, January 24, 2010 10:14 PM
    secretary
    Regulation of Retail Forex
    Hello
    Regarding the proposed CFTC regulations to reduce leverage for forex trading, I feel that you should
    review the situation. I do not agree with reducing leverage requirements:
    1. Alternatively, you could reduce leverage, proportional to account size, thereby forcing larger accounts
    to have less leverage.
    2. With this proposed change, you are potentially reducing profits of traders, which translates into less
    taxes for the federal government ( .... food for thought).
    Thanks for the opportunity to input.
    Nicola Farinaccio